Bryn Mawr Capital Management LLC Cuts Stock Holdings in U.S. Bancorp (NYSE:USB)

Bryn Mawr Capital Management LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,797 shares of the financial services provider’s stock after selling 4,693 shares during the period. Bryn Mawr Capital Management LLC’s holdings in U.S. Bancorp were worth $751,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership grew its position in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Alpine Bank Wealth Management purchased a new stake in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $31,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank Of Canada decreased their price target on U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company lowered their price target on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Barclays reduced their price objective on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. TD Cowen assumed coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Evercore ISI lifted their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.70.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the company’s stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director owned 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $45.67 on Wednesday. The firm has a market cap of $71.15 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The firm’s 50-day simple moving average is $44.59 and its 200-day simple moving average is $44.32. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 15.70% and a return on equity of 13.02%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.38%. The ex-dividend date was Monday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 49.50%.

U.S. Bancorp Company 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.