Trading Report: Today, North Star Asset Management Inc. Reduces Position in U.S. Bancorp (USB)

Today, North Star Asset Management Inc. Reduces Position in U.S. Bancorp (USB)

North Star Asset Management Inc. reduced its position in shares of U.S. Bancorp (NYSE:USB) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,387 shares of the financial services provider’s stock after selling 3,945 shares during the period. North Star Asset Management Inc.’s holdings in U.S. Bancorp were worth $1,911,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of USB. James Investment Research Inc. raised its stake in U.S. Bancorp by 1.4% in the second quarter. James Investment Research Inc. now owns 4,055 shares of the financial services provider’s stock worth $164,000 after buying an additional 55 shares during the period. Trust Department MB Financial Bank N A raised its stake in U.S. Bancorp by 7.8% in the second quarter. Trust Department MB Financial Bank N A now owns 4,786 shares of the financial services provider’s stock worth $208,000 after buying an additional 345 shares during the period. Cypress Capital Management LLC WY bought a new stake in U.S. Bancorp during the second quarter worth about $198,000. JFS Wealth Advisors LLC raised its stake in U.S. Bancorp by 16,150.0% in the second quarter. JFS Wealth Advisors LLC now owns 5,200 shares of the financial services provider’s stock worth $210,000 after buying an additional 5,168 shares during the period. Finally, Howland Capital Management LLC raised its stake in U.S. Bancorp by 1.2% in the second quarter. Howland Capital Management LLC now owns 5,367 shares of the financial services provider’s stock worth $216,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

Shares of U.S. Bancorp (NYSE:USB) traded up 0.70% during trading on Tuesday, hitting $43.02. The company’s stock had a trading volume of 1,640,354 shares. U.S. Bancorp has a 52 week low of $37.07 and a 52 week high of $44.58. The firm’s 50 day moving average price is $43.29 and its 200-day moving average price is $42.15. The company has a market cap of $73.63 billion, a PE ratio of 13.49 and a beta of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. U.S. Bancorp had a net margin of 26.56% and a return on equity of 14.05%. The company earned $5.45 billion during the quarter. During the same period in the prior year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 2.62%. U.S. Bancorp’s payout ratio is currently 35.00%.

A number of equities research analysts have recently issued reports on the company. Nomura restated a “buy” rating on shares of U.S. Bancorp in a research report on Saturday, July 9th. Wells Fargo & Co. reiterated a “buy” rating on shares of U.S. Bancorp in a report on Saturday, July 9th. Barclays PLC reiterated a “buy” rating on shares of U.S. Bancorp in a report on Saturday, July 9th. Deutsche Bank AG reiterated a “hold” rating on shares of U.S. Bancorp in a report on Sunday, June 26th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $45.22.

In related news, EVP Craig E. Gifford sold 2,500 shares of U.S. Bancorp stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $41.87, for a total transaction of $104,675.00. Following the transaction, the executive vice president now owns 49,881 shares in the company, valued at approximately $2,088,517.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 102,961 shares of U.S. Bancorp stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $42.00, for a total transaction of $4,324,362.00. Following the transaction, the insider now owns 178,422 shares in the company, valued at approximately $7,493,724. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

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