SG Americas Securities LLC Sells 203,002 Shares of U.S. Bancorp (NYSE:USB)

SG Americas Securities LLC reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 61.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,763 shares of the financial services provider’s stock after selling 203,002 shares during the period. SG Americas Securities LLC’s holdings in U.S. Bancorp were worth $6,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC increased its stake in U.S. Bancorp by 0.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 20,310 shares of the financial services provider’s stock valued at $1,124,000 after acquiring an additional 190 shares during the period. Brookmont Capital Management boosted its holdings in U.S. Bancorp by 0.5% during the second quarter. Brookmont Capital Management now owns 36,674 shares of the financial services provider’s stock valued at $1,922,000 after purchasing an additional 195 shares in the last quarter. Plancorp LLC boosted its holdings in U.S. Bancorp by 0.4% during the second quarter. Plancorp LLC now owns 48,413 shares of the financial services provider’s stock valued at $2,537,000 after purchasing an additional 195 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in U.S. Bancorp by 1.0% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 20,911 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 199 shares in the last quarter. Finally, Sky Investment Group LLC boosted its holdings in U.S. Bancorp by 1.8% during the second quarter. Sky Investment Group LLC now owns 11,250 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 75.50% of the company’s stock.

In other U.S. Bancorp news, Director David B. Omaley sold 10,133 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $55.76, for a total transaction of $565,016.08. Following the transaction, the director now owns 191,754 shares of the company’s stock, valued at approximately $10,692,203.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gillern Jeffry H. Von sold 5,357 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total value of $303,581.19. Following the transaction, the insider now directly owns 89,301 shares in the company, valued at approximately $5,060,687.67. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Shares of USB traded down $0.20 on Friday, hitting $58.90. The company’s stock had a trading volume of 3,152,308 shares, compared to its average volume of 5,770,772. The company has a market capitalization of $92.33 billion, a PE ratio of 14.37, a PEG ratio of 2.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $59.71. The company has a 50 day moving average price of $55.56 and a 200 day moving average price of $53.63.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.81 billion. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. U.S. Bancorp’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, equities analysts forecast that U.S. Bancorp will post 4.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.42 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, September 27th. U.S. Bancorp’s payout ratio is presently 40.98%.

A number of equities research analysts have weighed in on the company. Piper Jaffray Companies set a $59.00 price objective on U.S. Bancorp and gave the company a “buy” rating in a report on Friday, September 13th. UBS Group lifted their price objective on U.S. Bancorp from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on U.S. Bancorp from $55.00 to $56.00 and gave the company an “underweight” rating in a report on Thursday, July 18th. Bank of America downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $55.00 to $53.00 in a report on Monday, September 30th. Finally, Macquarie downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $56.67.

U.S. Bancorp Profile

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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