SG Americas Securities LLC Has $5.90 Million Position in U.S. Bancorp $USB

SG Americas Securities LLC reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 24.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,983 shares of the financial services provider’s stock after selling 38,644 shares during the period. SG Americas Securities LLC’s holdings in U.S. Bancorp were worth $5,895,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of USB. IMG Wealth Management Inc. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $25,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter worth approximately $27,000. Pineridge Advisors LLC raised its position in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 522 shares in the last quarter. True Wealth Design LLC lifted its stake in U.S. Bancorp by 216.7% in the third quarter. True Wealth Design LLC now owns 738 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 505 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in U.S. Bancorp by 846.5% in the second quarter. Activest Wealth Management now owns 814 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 728 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 0.5%

Shares of NYSE:USB opened at $55.23 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day moving average is $51.07 and its 200-day moving average is $48.54. The company has a market cap of $85.84 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.96 and a beta of 1.07. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $56.19.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on USB shares. Oppenheimer dropped their price target on shares of U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. UBS Group boosted their price target on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Bank of America upped their price target on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, TD Cowen raised their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $56.30.

Insiders Place Their Bets

In other news, EVP James L. Chosy sold 26,909 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the transaction, the executive vice president owned 226,375 shares in the company, valued at approximately $10,607,932.50. The trade was a 10.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman directly owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This represents a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

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.