Bryn Mawr Capital Management LLC Cuts Stake in U.S. Bancorp (NYSE:USB)

Bryn Mawr Capital Management LLC lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,541 shares of the financial services provider’s stock after selling 3,083 shares during the period. Bryn Mawr Capital Management LLC’s holdings in U.S. Bancorp were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Naples Global Advisors LLC lifted its holdings in U.S. Bancorp by 0.4% in the 2nd quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 248 shares in the last quarter. Kavar Capital Partners Group LLC raised its holdings in U.S. Bancorp by 4.7% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 5,555 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 250 shares during the last quarter. Motley Fool Wealth Management LLC boosted its holdings in shares of U.S. Bancorp by 0.7% during the 1st quarter. Motley Fool Wealth Management LLC now owns 38,362 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 251 shares during the last quarter. Vestor Capital LLC grew its position in shares of U.S. Bancorp by 1.5% in the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 253 shares in the last quarter. Finally, Atlas Brown Inc. lifted its position in U.S. Bancorp by 2.1% during the second quarter. Atlas Brown Inc. now owns 12,697 shares of the financial services provider’s stock worth $504,000 after buying an additional 263 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

NYSE USB opened at $47.23 on Friday. The firm has a market cap of $73.70 billion, a P/E ratio of 15.64, a P/E/G ratio of 4.20 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. The business’s 50-day moving average price is $42.81 and its 200 day moving average price is $41.90. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. U.S. Bancorp’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, equities research analysts expect that U.S. Bancorp will post 3.9 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was bought at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $449,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on USB shares. Citigroup boosted their price target on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price target on shares of U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Evercore ISI lifted their target price on 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. The Goldman Sachs Group upped their target price on shares of U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $48.23.

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.