Blue Trust Inc. Has $446,000 Holdings in U.S. Bancorp (NYSE:USB)

Blue Trust Inc. boosted its position in shares of U.S. Bancorp (NYSE:USB) by 27.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,230 shares of the financial services provider’s stock after acquiring an additional 2,390 shares during the period. Blue Trust Inc.’s holdings in U.S. Bancorp were worth $446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Naples Global Advisors LLC increased its holdings in shares of U.S. Bancorp by 0.4% during the 2nd quarter. Naples Global Advisors LLC now owns 65,360 shares of the financial services provider’s stock worth $2,624,000 after purchasing an additional 248 shares during the period. Motley Fool Wealth Management LLC increased 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 period. Vestor Capital LLC increased its holdings in shares of U.S. Bancorp by 1.5% during the 4th quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 253 shares during the period. Mosaic Family Wealth Partners LLC increased its holdings in shares of U.S. Bancorp by 1.4% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 19,487 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 264 shares during the period. Finally, First Financial Bank Trust Division increased its holdings in shares of U.S. Bancorp by 0.9% during the 2nd quarter. First Financial Bank Trust Division now owns 31,253 shares of the financial services provider’s stock worth $1,241,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.9 %

Shares of USB stock traded up $0.38 during trading hours on Friday, hitting $43.19. 5,369,520 shares of the company were exchanged, compared to its average volume of 8,505,938. The business has a 50 day moving average of $41.59 and a two-hundred day moving average of $41.59. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. U.S. Bancorp has a 52 week low of $30.47 and a 52 week high of $45.88. The company has a market capitalization of $67.40 billion, a PE ratio of 14.30, a PEG ratio of 4.20 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the company earned $1.12 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, June 28th. U.S. Bancorp’s payout ratio is 64.90%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. UBS Group upped their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI upped their target price on shares of U.S. Bancorp from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. DA Davidson upped their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Finally, Citigroup upped their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.23.

Insider Buying and Selling

In related news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $449,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.