AA Financial Advisors LLC Trims Stock Position in U.S. Bancorp (NYSE:USB)

AA Financial Advisors LLC cut its stake in U.S. Bancorp (NYSE:USB) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,328 shares of the financial services provider’s stock after selling 700 shares during the quarter. AA Financial Advisors LLC’s holdings in U.S. Bancorp were worth $212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in USB. Financial Synergies Wealth Advisors Inc. acquired a new position in U.S. Bancorp during the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new position in U.S. Bancorp during the 1st quarter valued at approximately $31,000. Eagle Bay Advisors LLC raised its holdings in shares of U.S. Bancorp by 93.2% in the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after buying an additional 331 shares during the last quarter. Naples Money Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at $39,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

USB stock traded down $0.24 during midday trading on Wednesday, reaching $42.16. The stock had a trading volume of 664,334 shares, compared to its average volume of 8,491,565. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.88. 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 company’s fifty day simple moving average is $41.37 and its 200 day simple moving average is $41.58. The company has a market cap of $65.79 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 4.20 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations 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 revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a dividend yield of 4.65%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Insider Activity

In other news, Director Aleem Gillani bought 10,000 shares of U.S. Bancorp stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $449,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

USB has been the subject of several research analyst reports. JPMorgan Chase & Co. cut U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a research note on Thursday, June 27th. Wells Fargo & Company raised their target price on shares of U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Royal Bank of Canada boosted their target price 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. Barclays reduced their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and an average price target of $48.23.

U.S. Bancorp Company 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.