U.S. Bancorp (USB) Shares Sold by UMB Bank N A MO

UMB Bank N A MO lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,479 shares of the financial services provider’s stock after selling 3,281 shares during the period. UMB Bank N A MO’s holdings in U.S. Bancorp were worth $9,630,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Abbrea Capital LLC increased its holdings in U.S. Bancorp by 13.7% during the 2nd quarter. Abbrea Capital LLC now owns 10,510 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 1,263 shares during the period. CCM Investment Advisers LLC increased its holdings in U.S. Bancorp by 0.8% during the 2nd quarter. CCM Investment Advisers LLC now owns 188,578 shares of the financial services provider’s stock valued at $9,790,000 after purchasing an additional 1,411 shares during the period. Wedbush Securities Inc. increased its holdings in U.S. Bancorp by 20.0% during the 2nd quarter. Wedbush Securities Inc. now owns 40,785 shares of the financial services provider’s stock valued at $2,118,000 after purchasing an additional 6,802 shares during the period. IFC Holdings Incorporated FL increased its holdings in U.S. Bancorp by 26.9% during the 2nd quarter. IFC Holdings Incorporated FL now owns 8,107 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 1,716 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in U.S. Bancorp by 3.9% during the 2nd quarter. BTC Capital Management Inc. now owns 72,241 shares of the financial services provider’s stock valued at $3,752,000 after purchasing an additional 2,701 shares during the period. Institutional investors own 73.97% of the company’s stock.

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Shares of U.S. Bancorp (NYSE USB) opened at 54.23 on Wednesday. The firm’s 50-day moving average price is $52.46 and its 200 day moving average price is $52.01. U.S. Bancorp has a 52-week low of $42.37 and a 52-week high of $56.61. The company has a market capitalization of $90.71 billion, a PE ratio of 16.38 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business 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 company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post $3.42 earnings per share for the current year.

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

U.S. Bancorp declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently issued reports on USB shares. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded 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 set a $48.00 price target on shares of U.S. Bancor

A number of other large investors have also made changes to their positions in the stock. Abbrea Capital LLC increased its holdings in U.S. Bancorp by 13.7% during the 2nd quarter. Abbrea Capital LLC now owns 10,510 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 1,263 shares during the period. CCM Investment Advisers LLC increased its holdings in U.S. Bancorp by 0.8% during the 2nd quarter. CCM Investment Advisers LLC now owns 188,578 shares of the financial services provider’s stock valued at $9,790,000 after purchasing an additional 1,411 shares during the period. Wedbush Securities Inc. increased its holdings in U.S. Bancorp by 20.0% during the 2nd quarter. Wedbush Securities Inc. now owns 40,785 shares of the financial services provider’s stock valued at $2,118,000 after purchasing an additional 6,802 shares during the period. IFC Holdings Incorporated FL increased its holdings in U.S. Bancorp by 26.9% during the 2nd quarter. IFC Holdings Incorporated FL now owns 8,107 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 1,716 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in U.S. Bancorp by 3.9% during the 2nd quarter. BTC Capital Management Inc. now owns 72,241 shares of the financial services provider’s stock valued at $3,752,000 after purchasing an additional 2,701 shares during the period. Institutional investors own 73.97% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “U.S. Bancorp (USB) Shares Sold by UMB Bank N A MO” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/11/u-s-bancorp-usb-shares-sold-by-umb-bank-n-a-mo.html.

Shares of U.S. Bancorp (NYSE USB) opened at 54.23 on Wednesday. The firm’s 50-day moving average price is $52.46 and its 200 day moving average price is $52.01. U.S. Bancorp has a 52-week low of $42.37 and a 52-week high of $56.61. The company has a market capitalization of $90.71 billion, a PE ratio of 16.38 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business 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 company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post $3.42 earnings per share for the current year.

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

U.S. Bancorp declared that its Board of Directors has approved a share buyback program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently issued reports on USB shares. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded 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 set a $48.00 price target on shares of U.S. Bancorp in a report on Tuesday, September 5th. Citigroup Inc. reaffirmed a “neutral” rating and set a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a research report on Monday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.38.

U.S. Bancorp Company 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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