U.S. Bancorp (NYSE:USB) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC lowered its position in U.S. Bancorp (NYSE:USB) by 18.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,265 shares of the financial services provider’s stock after selling 6,296 shares during the quarter. Cable Hill Partners LLC’s holdings in U.S. Bancorp were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in U.S. Bancorp by 12.3% in the 4th quarter. Covestor Ltd now owns 1,955 shares of the financial services provider’s stock worth $94,000 after buying an additional 214 shares in the last quarter. TrinityPoint Wealth LLC raised its stake in shares of U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 231 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of U.S. Bancorp by 36.6% in the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC raised its stake in shares of U.S. Bancorp by 3.3% in the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 253 shares in the last quarter. Finally, YANKCOM Partnership raised its stake in shares of U.S. Bancorp by 59.4% in the 1st 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. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $45.67 on Wednesday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market cap of $71.15 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99. The company has a 50-day moving average price of $44.59 and a two-hundred day moving average price of $44.32.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on USB shares. Barclays cut their target price on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Citigroup upped their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Cowen started coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods cut their target price on shares of U.S. Bancorp from $54.00 to $49.00 and set a “market perform” rating on the stock in a research note on Thursday, April 17th. Finally, Oppenheimer boosted their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.70.

Insider Activity

In related news, Director Aleem Gillani acquired 5,000 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

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.