Dubuque Bank & Trust Co. lowered its stake in U.S. Bancorp (NYSE:USB) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,188 shares of the financial services provider’s stock after selling 4,013 shares during the period. Dubuque Bank & Trust Co.’s holdings in U.S. Bancorp were worth $6,430,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in USB. Daily Journal Corp lifted its position in shares of U.S. Bancorp by 9,900.0% in the second quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock worth $7,336,000 after buying an additional 13,860,000 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of U.S. Bancorp by 17,492.7% in the second quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock worth $667,286,000 after buying an additional 12,662,079 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of U.S. Bancorp by 115.2% in the second quarter. APG Asset Management N.V. now owns 3,824,226 shares of the financial services provider’s stock worth $175,965,000 after buying an additional 2,046,900 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of U.S. Bancorp by 140.8% in the second quarter. Acadian Asset Management LLC now owns 2,005,750 shares of the financial services provider’s stock worth $105,104,000 after buying an additional 1,172,955 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of U.S. Bancorp by 40.2% in the second quarter. CIBC Private Wealth Group LLC now owns 3,974,817 shares of the financial services provider’s stock worth $208,279,000 after buying an additional 1,140,289 shares during the last quarter. 75.49% of the stock is owned by institutional investors.

In related news, EVP Mark G. Runkel sold 10,986 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $57.32, for a total transaction of $629,717.52. Following the transaction, the executive vice president now directly owns 45,213 shares in the company, valued at $2,591,609.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 9,428 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $55.25, for a total value of $520,897.00. Following the transaction, the insider now owns 94,658 shares in the company, valued at $5,229,854.50. The disclosure for this sale can be found here. Insiders have sold 50,547 shares of company stock worth $2,862,231 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Shares of U.S. Bancorp stock traded up $0.39 during trading on Thursday, reaching $53.00. The company’s stock had a trading volume of 287,194 shares, compared to its average volume of 5,459,793. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average price is $53.88 and its 200-day moving average price is $52.61. The firm has a market cap of $84.98 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. U.S. Bancorp has a one year low of $43.14 and a one year high of $57.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a return on equity of 15.45% and a net margin of 26.70%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.3 EPS for the current year.

U.S. Bancorp declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 27th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.17%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, September 27th. U.S. Bancorp’s payout ratio is currently 40.98%.

A number of analysts have weighed in on USB shares. Citigroup cut U.S. Bancorp from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $54.00 to $49.00 in a research report on Tuesday. JPMorgan Chase & Co. raised U.S. Bancorp from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $52.50 to $57.00 in a research report on Wednesday, July 31st. Wedbush lifted their price objective on U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. UBS Group lifted their price objective on U.S. Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Finally, Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $55.00 to $53.00 in a research note on Monday, September 30th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $56.31.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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