U.S. Bancorp $USB Shares Sold by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC decreased its position in shares of U.S. Bancorp (NYSE:USB) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,321 shares of the financial services provider’s stock after selling 1,476 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in U.S. Bancorp were worth $739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paulson Wealth Management Inc. grew its position in U.S. Bancorp by 5.3% in the 2nd quarter. Paulson Wealth Management Inc. now owns 9,380 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 469 shares in the last quarter. Savant Capital LLC boosted its stake in shares of U.S. Bancorp by 2.9% in the second quarter. Savant Capital LLC now owns 61,513 shares of the financial services provider’s stock valued at $2,783,000 after purchasing an additional 1,758 shares during the period. Excalibur Management Corp grew its holdings in shares of U.S. Bancorp by 2.7% in the second quarter. Excalibur Management Corp now owns 10,604 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 275 shares in the last quarter. OneAscent Wealth Management LLC purchased a new stake in U.S. Bancorp during the 2nd quarter worth approximately $2,623,000. Finally, Soltis Investment Advisors LLC increased its stake in U.S. Bancorp by 9.5% during the 2nd quarter. Soltis Investment Advisors LLC now owns 6,087 shares of the financial services provider’s stock worth $275,000 after buying an additional 526 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USB has been the subject of several recent research reports. TD Cowen raised their price target on shares of U.S. Bancorp from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. DA Davidson increased their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.55.

U.S. Bancorp Trading Up 1.0%

NYSE:USB opened at $47.32 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The stock has a market cap of $73.64 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.25 and a beta of 1.10. The stock has a 50-day simple moving average of $47.95 and a 200-day simple moving average of $45.79.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.

Insiders Place Their Bets

In other U.S. Bancorp news, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman owned 1,360,414 shares of the company’s stock, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the sale, the executive vice president owned 226,375 shares in the company, valued at $10,607,932.50. This trade represents a 10.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Profile

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.