Stillwater Capital Advisors LLC lowered its position in shares of U.S. Bancorp (NYSE:USB) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,436 shares of the financial services provider’s stock after selling 469 shares during the period. U.S. Bancorp makes up 2.8% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 20th largest position. Stillwater Capital Advisors LLC’s holdings in U.S. Bancorp were worth $9,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WFG Advisors LP increased its position in U.S. Bancorp by 0.3% in the second quarter. WFG Advisors LP now owns 4,886 shares of the financial services provider’s stock valued at $197,000 after buying an additional 13 shares during the last quarter. Hudock Capital Group LLC increased its stake in shares of U.S. Bancorp by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,734 shares of the financial services provider’s stock valued at $150,000 after buying an additional 19 shares during the last quarter. Montecito Bank & Trust increased its stake in shares of U.S. Bancorp by 0.3% in the second quarter. Montecito Bank & Trust now owns 7,837 shares of the financial services provider’s stock valued at $316,000 after buying an additional 25 shares during the last quarter. D. Scott Neal Inc. increased its stake in shares of U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,590 shares of the financial services provider’s stock valued at $306,000 after buying an additional 41 shares during the last quarter. Finally, Jag Capital Management LLC increased its stake in shares of U.S. Bancorp by 0.4% in the second quarter. Jag Capital Management LLC now owns 9,885 shares of the financial services provider’s stock valued at $399,000 after buying an additional 43 shares during the last quarter. Institutional investors own 72.66% of the company’s stock.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

U.S. Bancorp (NYSE:USB) traded up 0.14% during midday trading on Friday, hitting $49.42. 2,631,496 shares of the stock traded hands. The firm has a market cap of $84.00 billion, a P/E ratio of 15.30 and a beta of 0.80. U.S. Bancorp has a 12-month low of $37.07 and a 12-month high of $49.57. The company’s 50-day moving average is $45.49 and its 200 day moving average is $43.03.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The business earned $5.39 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that U.S. Bancorp will post $3.24 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “U.S. Bancorp (USB) Shares Sold by Stillwater Capital Advisors LLC” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/26/u-s-bancorp-usb-shares-sold-by-stillwater-capital-advisors-llc.html.

USB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. raised their price objective on shares of U.S. Bancorp from $43.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Wells Fargo & Co. restated a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Piper Jaffray Cos. restated an “overweight” rating and set a $46.00 price objective (down from $47.00) on shares of U.S. Bancorp in a research report on Monday, September 19th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $48.00 target price (up from $47.00) on shares of U.S. Bancorp in a research note on Saturday, October 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $45.47.

In related news, Vice Chairman Terrance R. Dolan sold 2,700 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $44.20, for a total value of $119,340.00. Following the completion of the sale, the insider now owns 61,095 shares of the company’s stock, valued at $2,700,399. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Terrance R. Dolan sold 55,205 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total transaction of $2,631,622.35. Following the completion of the sale, the insider now directly owns 90,188 shares of the company’s stock, valued at approximately $4,299,261.96. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

Receive News & Stock Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related stocks with our FREE daily email newsletter.