U.S. Bancorp (USB) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in U.S. Bancorp (NYSE:USB) by 19.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,144 shares of the financial services provider’s stock after selling 7,153 shares during the period. Sigma Planning Corp’s holdings in U.S. Bancorp were worth $1,513,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Shelton Capital Management grew its holdings in shares of U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after purchasing an additional 45,116 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after purchasing an additional 159,319 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of U.S. Bancorp by 13.1% in the first quarter. Stratos Wealth Partners LTD. now owns 40,541 shares of the financial services provider’s stock valued at $2,088,000 after purchasing an additional 4,683 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of U.S. Bancorp by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 6,968,670 shares of the financial services provider’s stock valued at $358,887,000 after purchasing an additional 73,504 shares in the last quarter. Finally, Investment Partners Ltd. OH ADV grew its holdings in shares of U.S. Bancorp by 33.6% in the first quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 2,024 shares in the last quarter. 73.97% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “U.S. Bancorp (USB) Shares Sold by Sigma Planning Corp” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/u-s-bancorp-usb-shares-sold-by-sigma-planning-corp.html.

U.S. Bancorp (NYSE USB) opened at 54.23 on Wednesday. U.S. Bancorp has a 12-month low of $42.37 and a 12-month high of $56.61. The firm has a market cap of $90.71 billion, a PE ratio of 16.38 and a beta of 0.87. The firm’s 50-day moving average is $52.46 and its 200 day moving average is $52.01.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. Equities research analysts predict that U.S. Bancorp will post $3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.04%.

U.S. Bancorp announced that its board has initiated a share repurchase plan on Wednesday, June 28th that permits the company to buyback $2.60 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

USB has been the subject of a number of research reports. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. B

Other institutional investors also recently added to or reduced their stakes in the company. Shelton Capital Management grew its holdings in shares of U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after purchasing an additional 45,116 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after purchasing an additional 159,319 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of U.S. Bancorp by 13.1% in the first quarter. Stratos Wealth Partners LTD. now owns 40,541 shares of the financial services provider’s stock valued at $2,088,000 after purchasing an additional 4,683 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of U.S. Bancorp by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 6,968,670 shares of the financial services provider’s stock valued at $358,887,000 after purchasing an additional 73,504 shares in the last quarter. Finally, Investment Partners Ltd. OH ADV grew its holdings in shares of U.S. Bancorp by 33.6% in the first quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 2,024 shares in the last quarter. 73.97% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “U.S. Bancorp (USB) Shares Sold by Sigma Planning Corp” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/u-s-bancorp-usb-shares-sold-by-sigma-planning-corp.html.

U.S. Bancorp (NYSE USB) opened at 54.23 on Wednesday. U.S. Bancorp has a 12-month low of $42.37 and a 12-month high of $56.61. The firm has a market cap of $90.71 billion, a PE ratio of 16.38 and a beta of 0.87. The firm’s 50-day moving average is $52.46 and its 200 day moving average is $52.01.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. Equities research analysts predict that U.S. Bancorp will post $3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.04%.

U.S. Bancorp announced that its board has initiated a share repurchase plan on Wednesday, June 28th that permits the company to buyback $2.60 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

USB has been the subject of a number of research reports. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a report on Tuesday, September 5th. Citigroup Inc. restated a “neutral” rating and issued a $58.00 price objective (up previously from $53.00) on shares of U.S. Bancorp in a report on Monday. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. U.S. Bancorp has an average rating of “Hold” and an average price target of $53.38.

U.S. Bancorp Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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