SYSTM Wealth Solutions LLC Has $196,000 Position in U.S. Bancorp (NYSE:USB)

SYSTM Wealth Solutions LLC lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 86.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,916 shares of the financial services provider’s stock after selling 31,647 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in U.S. Bancorp were worth $196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new stake in U.S. Bancorp during the second quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in U.S. Bancorp during the 1st quarter worth approximately $30,000. LRI Investments LLC bought a new stake in U.S. Bancorp in the 1st quarter valued at $31,000. Eagle Bay Advisors LLC grew its holdings in U.S. Bancorp by 93.2% in 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. Finally, 1620 Investment Advisors Inc. bought a new position in U.S. Bancorp during the 2nd quarter worth $30,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani purchased 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $449,900. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. The Goldman Sachs Group dropped their price objective on shares of U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Jefferies Financial Group dropped 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 research report on Wednesday, July 3rd. UBS Group increased their price target on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price on the stock. in a report on Thursday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.18.

U.S. Bancorp Trading Up 1.1 %

USB opened at $45.19 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $47.31. The company’s 50 day moving average price is $44.22 and its two-hundred day moving average price is $42.27. The firm has a market capitalization 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 (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. U.S. Bancorp’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.50 dividend. This is a positive change 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 4.43%. The ex-dividend date is Monday, September 30th. U.S. Bancorp’s payout ratio is currently 66.23%.

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.