U.S. Bancorp (NYSE:USB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,195 shares of the financial services provider’s stock after selling 9,344 shares during the quarter. Mutual of America Capital Management LLC’s holdings in U.S. Bancorp were worth $8,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $2,495,000. Excalibur Management Corp increased its holdings in shares of U.S. Bancorp by 4.2% during the 2nd quarter. Excalibur Management Corp now owns 10,325 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 415 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $9,198,000. Citizens Financial Group Inc. RI increased its holdings in shares of U.S. Bancorp by 251.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 20,485 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 14,652 shares in the last quarter. Finally, Bcwm LLC increased its holdings in shares of U.S. Bancorp by 6.5% during the 2nd quarter. Bcwm LLC now owns 118,118 shares of the financial services provider’s stock valued at $4,689,000 after purchasing an additional 7,249 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani bought 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were 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 this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 1.1 %

Shares of USB stock opened at $45.19 on Thursday. The company’s 50-day moving average price is $44.22 and its 200-day moving average price is $42.27. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 4.36 and a beta of 1.04. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $47.31.

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

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.43%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s dividend payout ratio is presently 66.23%.

Analyst Ratings Changes

Several equities research analysts recently commented on USB shares. The Goldman Sachs Group cut their price target on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. DA Davidson boosted their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price target on shares of U.S. Bancorp in a report on Friday, September 13th. Jefferies Financial Group cut their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price target for the company. in a report on Thursday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus price target of $48.18.

About U.S. Bancorp

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.