6,773 Shares in U.S. Bancorp (NYSE:USB) Bought by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC has acquired 6,773 shares of U.S. Bancorp, valued at approximately $286,000, as reported in their recent SEC filing.
• U.S. Bancorp recently reported a quarterly earnings per share (EPS) of $1.11, exceeding analysts' expectations of $1.07.
• The company announced a quarterly dividend of $0.50, representing an annualized dividend yield of 4.5%.

Hoxton Planning & Management LLC purchased a new position in U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,773 shares of the financial services provider's stock, valued at approximately $286,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in U.S. Bancorp by 5.0% during the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after buying an additional 3,211,815 shares in the last quarter. Northern Trust Corp boosted its stake in U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock valued at $815,529,000 after buying an additional 1,670,305 shares in the last quarter. Invesco Ltd. boosted its position in shares of U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after purchasing an additional 5,449,949 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of U.S. Bancorp by 0.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,935,847 shares of the financial services provider's stock valued at $618,722,000 after purchasing an additional 120,543 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of U.S. Bancorp by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,574,919 shares of the financial services provider's stock valued at $601,458,000 after purchasing an additional 1,339,493 shares during the period. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USB shares. Evercore ISI increased their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 4th. Barclays lowered their price objective on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group raised their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Morgan Stanley raised their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, DA Davidson lifted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Price Performance

USB traded up $0.49 during trading on Monday, hitting $44.43. The company's stock had a trading volume of 6,449,984 shares, compared to its average volume of 10,867,432. The firm's 50 day moving average price is $45.17 and its two-hundred day moving average price is $44.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The stock has a market capitalization of $69.22 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.5%. U.S. Bancorp's payout ratio is presently 47.85%.

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.