U.S. Bancorp $USB Shares Sold by DMKC Advisory Services LLC

DMKC Advisory Services LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,345 shares of the financial services provider’s stock after selling 14,380 shares during the period. U.S. Bancorp makes up 1.7% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. DMKC Advisory Services LLC’s holdings in U.S. Bancorp were worth $7,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dogwood Wealth Management LLC increased its stake in shares of U.S. Bancorp by 32.9% in the 2nd quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Blalock Williams LLC lifted its position in shares of U.S. Bancorp by 3.8% during the 2nd quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 171 shares during the period. Virtue Capital Management LLC lifted its position in shares of U.S. Bancorp by 2.4% during the 3rd quarter. Virtue Capital Management LLC now owns 7,517 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 177 shares during the period. International Assets Investment Management LLC boosted its stake in U.S. Bancorp by 1.7% during the third quarter. International Assets Investment Management LLC now owns 11,093 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 181 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in U.S. Bancorp by 0.9% during the first quarter. FAS Wealth Partners Inc. now owns 19,964 shares of the financial services provider’s stock worth $1,038,000 after acquiring an additional 186 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

Shares of USB opened at $61.02 on Tuesday. U.S. Bancorp has a 12-month low of $45.02 and a 12-month high of $66.07. The business’s fifty day moving average is $59.62 and its 200 day moving average is $58.21. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The stock has a market cap of $95.06 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.16 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. The business had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $8 billion. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. U.S. Bancorp’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. Sell-side analysts anticipate that U.S. Bancorp will post 5.30 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, September 30th. U.S. Bancorp’s payout ratio is 42.11%.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the transaction, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $64.00 price target (down from $71.00) on shares of U.S. Bancorp in a report on Thursday, October 15th. Keefe, Bruyette & Woods upped their price objective on shares of U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, July 17th. Morgan Stanley set a $68.00 price objective on shares of U.S. Bancorp in a report on Friday, October 16th. Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, DA Davidson restated a “buy” rating and issued a $73.00 target price (up from $65.00) on shares of U.S. Bancorp in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average target price of $68.65.

U.S. Bancorp Profile

U.S. Bancorp is the parent company of U.S. Bank, a financial services provider serving consumers, businesses, institutions and government entities across the United States. Its history traces to 1863, when one of its predecessor institutions, First National Bank of Cincinnati, was established.

U.S. Bank offers consumer and business banking, lending, payment services, wealth management, investment services and corporate trust services. Its products include checking and savings accounts, credit cards, mortgages, commercial loans and digital banking solutions.

Headquartered in Minneapolis, Minnesota, U.S.