Schulhoff & Co. Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 125,418 shares of the financial services provider’s stock after selling 144 shares during the period. U.S. Bancorp accounts for approximately 3.1% of Schulhoff & Co. Inc.’s holdings, making the stock its 6th largest position. Schulhoff & Co. Inc.’s holdings in U.S. Bancorp were worth $5,058,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Ancora Inverness LLC increased its position in U.S. Bancorp by 19.6% in the first quarter. Ancora Inverness LLC now owns 35,919 shares of the financial services provider’s stock valued at $1,458,000 after buying an additional 5,883 shares during the period. Aviva PLC increased its position in U.S. Bancorp by 1.1% in the first quarter. Aviva PLC now owns 1,004,037 shares of the financial services provider’s stock valued at $40,754,000 after buying an additional 11,249 shares during the period. Associated Banc Corp increased its position in U.S. Bancorp by 1.0% in the first quarter. Associated Banc Corp now owns 434,656 shares of the financial services provider’s stock valued at $17,643,000 after buying an additional 4,420 shares during the period. Ruffer LLP increased its position in U.S. Bancorp by 22.3% in the first quarter. Ruffer LLP now owns 265,581 shares of the financial services provider’s stock valued at $10,776,000 after buying an additional 48,460 shares during the period. Finally, Smith Moore & CO. increased its position in U.S. Bancorp by 4.6% in the first quarter. Smith Moore & CO. now owns 21,801 shares of the financial services provider’s stock valued at $885,000 after buying an additional 960 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.
Shares of U.S. Bancorp (NYSE:USB) traded up 1.33% during mid-day trading on Wednesday, hitting $43.58. The company had a trading volume of 10,319,343 shares. U.S. Bancorp has a 12-month low of $37.07 and a 12-month high of $44.58. The firm has a market cap of $74.59 billion, a PE ratio of 13.66 and a beta of 0.82. The firm’s 50 day moving average is $43.27 and its 200-day moving average is $42.16.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. U.S. Bancorp had a return on equity of 14.05% and a net margin of 26.56%. The business earned $5.39 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post $3.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. U.S. Bancorp’s payout ratio is currently 35.00%.
Several equities analysts recently weighed in on USB shares. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Credit Agricole SA increased their target price on U.S. Bancorp from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $46.00 target price (down from $47.00) on shares of U.S. Bancorp in a research report on Monday, September 19th. Finally, Portales Partners upgraded U.S. Bancorp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $45.22.
In related news, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the transaction, the insider now directly owns 178,422 shares in the company, valued at $7,493,724. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig E. Gifford sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $41.87, for a total value of $104,675.00. Following the transaction, the executive vice president now owns 49,881 shares in the company, valued at $2,088,517.47. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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