U.S. Bancorp $USB Shares Sold by Glenview Trust Co

Glenview Trust Co lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,687 shares of the financial services provider’s stock after selling 10,641 shares during the period. Glenview Trust Co’s holdings in U.S. Bancorp were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Summitry LLC increased its position in U.S. Bancorp by 6.8% during the third quarter. Summitry LLC now owns 140,580 shares of the financial services provider’s stock worth $6,794,000 after purchasing an additional 9,008 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of U.S. Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock worth $6,986,023,000 after buying an additional 1,279,104 shares during the last quarter. Smithfield Trust Co increased its holdings in shares of U.S. Bancorp by 2,543.2% during the 3rd quarter. Smithfield Trust Co now owns 1,956 shares of the financial services provider’s stock worth $95,000 after buying an additional 1,882 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of U.S. Bancorp by 3.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 523,423 shares of the financial services provider’s stock valued at $25,297,000 after buying an additional 15,822 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in U.S. Bancorp by 6.5% in the third quarter. HighTower Advisors LLC now owns 821,879 shares of the financial services provider’s stock valued at $39,722,000 after acquiring an additional 50,132 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.8%

Shares of NYSE:USB opened at $58.16 on Wednesday. The firm has a market capitalization of $90.41 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.06. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $55.68 and its two-hundred day moving average is $50.56.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the business posted $1.07 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

Insider Activity

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider owned 97,728 shares in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on USB shares. Oppenheimer raised their target price on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. TD Cowen raised their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Evercore increased their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Thursday, February 5th. Finally, Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $59.79.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.