J.W. Cole Advisors Inc. Sells 272 Shares of U.S. Bancorp (NYSE:USB)

J.W. Cole Advisors Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,297 shares of the financial services provider’s stock after selling 272 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in U.S. Bancorp were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Financial Synergies Wealth Advisors Inc. bought a new stake in U.S. Bancorp in the first quarter worth $30,000. 1620 Investment Advisors Inc. bought a new stake in shares of U.S. Bancorp in the 2nd quarter worth about $30,000. Eagle Bay Advisors LLC raised its position in shares of U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after buying an additional 331 shares in the last quarter. LRI Investments LLC bought a new position in shares of U.S. Bancorp in the 1st quarter valued at about $31,000. Finally, Y.D. More Investments Ltd purchased a new position in U.S. Bancorp in the second quarter worth about $33,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U.S. Bancorp

In other news, Director Aleem Gillani bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research report on Friday, September 13th. UBS Group lifted their price objective on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI boosted their price objective on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. DA Davidson raised their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company upped their price target on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.18.

U.S. Bancorp Stock Performance

Shares of NYSE:USB opened at $44.68 on Wednesday. The firm has a 50 day moving average of $44.14 and a 200 day moving average of $42.25. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $69.72 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 4.36 and a beta of 1.04. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $47.31.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the company posted $1.12 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.50 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Monday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 66.23%.

U.S. Bancorp 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.