Capital Insight Partners LLC Has $434,000 Stake in U.S. Bancorp (USB)
Capital Insight Partners LLC maintained its position in shares of U.S. Bancorp (NYSE:USB) during the second quarter, Holdings Channel reports. The firm owned 8,350 shares of the financial services provider’s stock at the end of the second quarter. Capital Insight Partners LLC’s holdings in U.S. Bancorp were worth $434,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in USB. Hudock Capital Group LLC raised its position in shares of U.S. Bancorp by 0.4% in the first quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock valued at $195,000 after buying an additional 16 shares in the last quarter. BSW Wealth Partners raised its position in shares of U.S. Bancorp by 0.6% in the first quarter. BSW Wealth Partners now owns 3,973 shares of the financial services provider’s stock valued at $205,000 after buying an additional 23 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of U.S. Bancorp by 0.4% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,610 shares of the financial services provider’s stock valued at $289,000 after buying an additional 25 shares in the last quarter. D. Scott Neal Inc. raised its position in shares of U.S. Bancorp by 0.5% in the first quarter. D. Scott Neal Inc. now owns 7,488 shares of the financial services provider’s stock valued at $386,000 after buying an additional 36 shares in the last quarter. Finally, Green Square Capital LLC raised its position in shares of U.S. Bancorp by 0.4% in the first quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock valued at $586,000 after buying an additional 41 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp (NYSE USB) traded down 0.69% during midday trading on Friday, hitting $52.02. The company’s stock had a trading volume of 1,954,097 shares. U.S. Bancorp has a one year low of $42.17 and a one year high of $56.61. The company’s 50-day moving average is $52.30 and its 200 day moving average is $52.54. The company has a market cap of $87.02 billion, a price-to-earnings ratio of 15.72 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. U.S. Bancorp’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. On average, analysts predict that U.S. Bancorp will post $3.44 EPS for the current year.
U.S. Bancorp announced that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that allows the company to repurchase $2.60 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 33.63%.
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Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on U.S. Bancorp in a research report on Wednesday. They issued a “market perform” rating and a $56.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, June 9th. BidaskClub lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Rafferty Capital Markets lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research report on Thursday, April 20th. Finally, Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.85.
In related news, Vice Chairman P.W. Parker sold 29,449 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $51.94, for a total transaction of $1,529,581.06. Following the sale, the insider now directly owns 307,698 shares of the company’s stock, valued at $15,981,834.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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