Community Trust & Investment Co. Takes $222,000 Position in U.S. Bancorp (NYSE:USB)

Community Trust & Investment Co. purchased a new stake in U.S. Bancorp (NYSE:USB) in the second quarter, HoldingsChannel reports. The institutional investor purchased 6,713 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of USB. SRS Capital Advisors Inc. lifted its stake in shares of U.S. Bancorp by 46.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 673 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 215 shares during the period. Vestcor Inc lifted its position in U.S. Bancorp by 0.7% during the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 230 shares during the period. Sandy Spring Bank boosted its stake in U.S. Bancorp by 5.0% in the 4th quarter. Sandy Spring Bank now owns 5,329 shares of the financial services provider’s stock worth $232,000 after buying an additional 254 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of U.S. Bancorp by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 276 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of U.S. Bancorp by 3.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

Insider Activity

In other U.S. Bancorp news, insider Timothy A. Welsh sold 13,816 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $39.79, for a total transaction of $549,738.64. Following the completion of the sale, the insider now directly owns 119,058 shares in the company, valued at $4,737,317.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Terrance R. Dolan sold 26,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total transaction of $1,033,500.00. Following the sale, the chief financial officer now directly owns 166,992 shares of the company’s stock, valued at $6,637,932. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy A. Welsh sold 13,816 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total value of $549,738.64. Following the completion of the sale, the insider now owns 119,058 shares of the company’s stock, valued at approximately $4,737,317.82. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on USB shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $45.00 price target on shares of U.S. Bancorp in a research report on Friday, August 4th. DA Davidson lifted their target price on U.S. Bancorp from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Wedbush lifted their price objective on U.S. Bancorp from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Raymond James raised shares of U.S. Bancorp from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 20th. Finally, Citigroup decreased their price objective on shares of U.S. Bancorp from $39.00 to $33.00 in a research note on Sunday, June 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus target price of $46.71.

U.S. Bancorp Stock Down 0.8 %

Shares of NYSE:USB traded down $0.29 during trading on Tuesday, reaching $34.46. 2,270,749 shares of the company traded hands, compared to its average volume of 14,186,613. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $49.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.97. The firm has a market cap of $52.83 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98. The firm has a fifty day simple moving average of $37.27 and a 200 day simple moving average of $35.09.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). U.S. Bancorp had a net margin of 16.59% and a return on equity of 16.53%. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the previous year, the business posted $1.09 EPS. U.S. Bancorp’s revenue was up 19.7% compared to the same quarter last year. Analysts anticipate that U.S. Bancorp will post 4.44 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.92 annualized dividend and a yield of 5.57%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 53.19%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.