Clean Yield Group maintained its position in shares of U.S. Bancorp (NYSE:USB) during the second quarter, Holdings Channel reports. The institutional investor owned 4,880 shares of the financial services provider’s stock at the end of the second quarter. Clean Yield Group’s holdings in U.S. Bancorp were worth $197,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. raised its position in shares of U.S. Bancorp by 2.3% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 293,881 shares of the financial services provider’s stock worth $11,852,000 after buying an additional 6,521 shares during the period. American Century Companies Inc. raised its position in shares of U.S. Bancorp by 106.9% in the second quarter. American Century Companies Inc. now owns 10,310,646 shares of the financial services provider’s stock worth $415,828,000 after buying an additional 5,326,919 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of U.S. Bancorp by 24.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 98,138 shares of the financial services provider’s stock worth $3,958,000 after buying an additional 19,519 shares during the period. PGGM Investments raised its position in shares of U.S. Bancorp by 2.4% in the second quarter. PGGM Investments now owns 2,218,126 shares of the financial services provider’s stock worth $89,457,000 after buying an additional 52,569 shares during the period. Finally, Genesee Valley Trust Co. raised its position in shares of U.S. Bancorp by 96.2% in the second quarter. Genesee Valley Trust Co. now owns 24,816 shares of the financial services provider’s stock worth $1,001,000 after buying an additional 12,165 shares during the period. 72.58% of the stock is currently owned by institutional investors.
Shares of U.S. Bancorp (NYSE:USB) traded down 0.54% on Monday, reaching $42.66. The company’s stock had a trading volume of 5,421,920 shares. The firm has a market cap of $73.01 billion, a price-to-earnings ratio of 13.37 and a beta of 0.82. The company’s 50 day moving average is $43.28 and its 200-day moving average is $41.98. U.S. Bancorp has a 1-year low of $37.07 and a 1-year high of $44.58.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. U.S. Bancorp had a return on equity of 14.05% and a net margin of 26.56%. The firm earned $5.45 billion during the quarter. During the same period last year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts expect that U.S. Bancorp will post $3.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 2.63%. U.S. Bancorp’s dividend payout ratio is 35.00%.
A number of brokerages have recently commented on USB. Credit Agricole SA raised their price target on U.S. Bancorp from $43.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $46.00 target price (down from $47.00) on shares of U.S. Bancorp in a report on Monday, September 19th. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Friday, September 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $45.17.
In related news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the completion of the transaction, the insider now directly owns 178,422 shares of the company’s stock, valued at $7,493,724. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig E. Gifford sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $41.87, for a total value of $104,675.00. Following the transaction, the executive vice president now directly owns 49,881 shares of the company’s stock, valued at $2,088,517.47. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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