U.S. Bancorp (NYSE:USB) Shares Sold by First Business Financial Services Inc.

First Business Financial Services Inc. trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,243 shares of the financial services provider’s stock after selling 350 shares during the period. First Business Financial Services Inc.’s holdings in U.S. Bancorp were worth $235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC increased its position in shares of U.S. Bancorp by 0.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 20,310 shares of the financial services provider’s stock valued at $1,124,000 after acquiring an additional 190 shares during the last quarter. Brookmont Capital Management grew its holdings in shares of U.S. Bancorp by 0.5% in the second quarter. Brookmont Capital Management now owns 36,674 shares of the financial services provider’s stock valued at $1,922,000 after purchasing an additional 195 shares in the last quarter. Plancorp LLC grew its holdings in shares of U.S. Bancorp by 0.4% in the second quarter. Plancorp LLC now owns 48,413 shares of the financial services provider’s stock valued at $2,537,000 after purchasing an additional 195 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of U.S. Bancorp by 1.0% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 20,911 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 199 shares in the last quarter. Finally, Sky Investment Group LLC grew its holdings in shares of U.S. Bancorp by 1.8% in the second quarter. Sky Investment Group LLC now owns 11,250 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 200 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Deutsche Bank set a $59.00 price objective on shares of U.S. Bancorp and gave the company a “hold” rating in a report on Friday, July 26th. Piper Jaffray Companies set a $59.00 price objective on shares of U.S. Bancorp and gave the company a “buy” rating in a report on Friday, September 13th. Macquarie cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price objective for the company. in a report on Thursday, August 1st. Wedbush lifted their price objective on shares of U.S. Bancorp from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, UBS Group lifted their price objective on shares of U.S. Bancorp from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $56.67.

U.S. Bancorp stock traded down $0.20 during trading on Friday, reaching $58.90. The stock had a trading volume of 3,152,308 shares, compared to its average volume of 5,770,772. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $59.71. The business has a 50 day moving average price of $55.56 and a 200 day moving average price of $53.63. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. The stock has a market cap of $92.33 billion, a PE ratio of 14.37, a P/E/G ratio of 2.25 and a beta of 1.11.

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U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The company had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that U.S. Bancorp will post 4.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.42 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. U.S. Bancorp’s payout ratio is currently 40.98%.

In related news, Director David B. Omaley sold 10,133 shares of U.S. Bancorp stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the transaction, the director now owns 191,754 shares in the company, valued at $10,692,203.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total transaction of $303,581.19. Following the completion of the transaction, the insider now owns 89,301 shares of the company’s stock, valued at approximately $5,060,687.67. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Featured Story: Short Selling

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

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