U.S. Bancorp (USB) Shares Sold by Reliance Trust Co. of Delaware

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Reliance Trust Co. of Delaware cut its stake in U.S. Bancorp (NYSE:USB) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,721 shares of the financial services provider’s stock after selling 1,823 shares during the period. Reliance Trust Co. of Delaware’s holdings in U.S. Bancorp were worth $2,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USB. Field & Main Bank lifted its position in U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,000 shares in the last quarter. Auxier Asset Management lifted its position in U.S. Bancorp by 8.6% during the second quarter. Auxier Asset Management now owns 12,660 shares of the financial services provider’s stock valued at $633,000 after buying an additional 1,000 shares in the last quarter. Legacy Capital Partners Inc. lifted its position in U.S. Bancorp by 7.2% during the third quarter. Legacy Capital Partners Inc. now owns 14,841 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,000 shares in the last quarter. Curbstone Financial Management Corp lifted its position in U.S. Bancorp by 2.4% during the third quarter. Curbstone Financial Management Corp now owns 42,950 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 1,000 shares in the last quarter. Finally, Homrich & Berg lifted its position in U.S. Bancorp by 2.9% during the second quarter. Homrich & Berg now owns 35,620 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 1,018 shares in the last quarter. 74.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:USB opened at $52.73 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $82.93 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.68 and a beta of 0.98. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.37 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, September 27th. This represents a $1.48 annualized dividend and a yield of 2.81%. U.S. Bancorp’s payout ratio is presently 43.27%.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $50.81, for a total transaction of $889,581.48. Following the completion of the sale, the insider now owns 121,137 shares in the company, valued at $6,154,970.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the business’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $52.91, for a total transaction of $821,374.84. Following the sale, the insider now owns 124,086 shares of the company’s stock, valued at approximately $6,565,390.26. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.

A number of research analysts have recently commented on USB shares. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. CIBC raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Nomura reduced their target price on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, October 18th. Macquarie raised shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $62.00 in a research report on Wednesday, October 10th. Finally, UBS Group raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.36.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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