30,242 Shares in U.S. Bancorp $USB Purchased by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC acquired 30,242 U.S. Bancorp shares during the second quarter, valued at approximately $1.83 million. Institutional investors collectively own 77.6% of the bank’s stock.
• U.S. Bancorp reported quarterly earnings of $1.35 per share, beating estimates by $0.07, while revenue reached $7.69 billion. The company pays a $0.52 quarterly dividend, equivalent to a 3.3% yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $67.06; shares recently traded near $62.79.

Coppell Advisory Solutions LLC acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,242 shares of the financial services provider's stock, valued at approximately $1,827,000.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Life Planners bought a new stake in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. Main Street Group LTD bought a new position in U.S. Bancorp in the first quarter worth approximately $28,000. JPL Wealth Management LLC bought a new position in U.S. Bancorp in the third quarter worth approximately $28,000. Archer Investment Corp purchased a new position in U.S. Bancorp during the 2nd quarter worth $29,000. Finally, Parvin Asset Management LLC purchased a new position in U.S. Bancorp during the 2nd quarter worth $30,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 2.6%

U.S. Bancorp stock opened at $62.79 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a market cap of $97.84 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.09 and a beta of 0.95. The business has a fifty day moving average of $62.98 and a two-hundred day moving average of $57.79. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period in the previous year, the company posted $1.11 EPS. On average, analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp's payout ratio is 41.52%.

Insider Transactions at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the firm's stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the sale, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial assumed coverage on U.S. Bancorp in a report on Wednesday, July 8th. They issued a "strong-buy" rating and a $72.00 target price for the company. Keefe, Bruyette & Woods raised their price target on U.S. Bancorp from $63.00 to $66.00 and gave the company a "market perform" rating in a research note on Friday, July 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $68.00 price objective on shares of U.S. Bancorp in a report on Monday, August 24th. Truist Financial upped their price objective on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Finally, BTIG Research set a $67.50 target price on shares of U.S. Bancorp in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $67.06.

U.S. Bancorp Company Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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