Clean Yield Group held its position in U.S. Bancorp (NYSE:USB) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,180 shares of the financial services provider’s stock at the end of the second quarter. Clean Yield Group’s holdings in U.S. Bancorp were worth $270,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its position in U.S. Bancorp by 0.4% in the first quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock valued at $195,000 after buying an additional 16 shares during the last quarter. BSW Wealth Partners boosted its position in shares of U.S. Bancorp by 0.6% in the first quarter. BSW Wealth Partners now owns 3,973 shares of the financial services provider’s stock worth $205,000 after buying an additional 23 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,610 shares of the financial services provider’s stock worth $289,000 after buying an additional 25 shares in the last quarter. D. Scott Neal Inc. boosted its position in shares of U.S. Bancorp by 0.5% in the first quarter. D. Scott Neal Inc. now owns 7,488 shares of the financial services provider’s stock worth $386,000 after buying an additional 36 shares in the last quarter. Finally, Green Square Capital LLC boosted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock worth $586,000 after buying an additional 41 shares in the last quarter. 75.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of U.S. Bancorp (NYSE:USB) traded down 0.63% on Friday, hitting $52.05. The stock had a trading volume of 4,448,688 shares. The firm has a market cap of $87.07 billion, a P/E ratio of 15.73 and a beta of 0.86. U.S. Bancorp has a 12 month low of $42.17 and a 12 month high of $56.61. The firm’s 50-day moving average price is $52.32 and its 200 day moving average price is $52.55.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that U.S. Bancorp will post $3.44 EPS for the current fiscal year.
U.S. Bancorp declared that its board has authorized a stock repurchase program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.12 annualized dividend and a dividend yield of 2.15%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 33.63%.
A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on U.S. Bancorp in a report on Wednesday. They issued a “market perform” rating and a $56.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 target price on shares of U.S. Bancorp in a report on Friday. BidaskClub cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Rafferty Capital Markets cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Thursday, April 20th. Finally, Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $52.85.
In related news, Vice Chairman P.W. Parker sold 29,449 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $51.94, for a total transaction of $1,529,581.06. Following the completion of the transaction, the insider now owns 307,698 shares in the company, valued at approximately $15,981,834.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.
About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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