Trust Co. of Vermont bought a new position in U.S. Bancorp (NYSE:USB – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,665 shares of the financial services provider’s stock, valued at approximately $3,845,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of U.S. Bancorp in the first quarter valued at about $27,000. Main Street Group LTD purchased a new position in U.S. Bancorp during the 1st quarter valued at about $28,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp during the 3rd quarter valued at about $28,000. Binnacle Investments Inc raised its position in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 273 shares during the last quarter. Finally, NFSG Corp bought a new position in U.S. Bancorp during the 1st quarter valued at approximately $31,000. 77.60% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on USB
U.S. Bancorp Stock Down 0.9%
USB stock opened at $64.81 on Tuesday. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07. The business’s 50 day moving average price is $61.95 and its two-hundred day moving average price is $57.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $100.98 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter last year, the business posted $1.11 EPS. As a group, analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.2%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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