10,829 Shares in U.S. Bancorp $USB Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 10,829 shares of the financial services provider’s stock, valued at approximately $563,000.

Several other large investors have also recently added to or reduced their stakes in USB. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at $27,000. Main Street Group LTD bought a new position in shares of U.S. Bancorp during the 1st quarter worth about $28,000. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $28,000. Finally, Binnacle Investments Inc increased its stake in U.S. Bancorp by 77.8% in the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $62.92 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a market cap of $97.60 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $64.84. The company’s 50-day moving average price is $59.65 and its two-hundred day moving average price is $56.65.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the business posted $1.11 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

Wall Street Analyst Weigh In

USB has been the subject of a number of analyst reports. Stephens raised their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. UBS Group upped their price objective on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Citigroup reissued a “buy” rating on shares of U.S. Bancorp in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on U.S. Bancorp from $67.50 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, BTIG Research set a $67.50 price target on U.S. Bancorp in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $67.06.

U.S. Bancorp Company Profile

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.