Vestor Capital LLC Has $852,000 Holdings in U.S. Bancorp $USB

Vestor Capital LLC grew its position in U.S. Bancorp (NYSE:USB) by 480.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,386 shares of the financial services provider’s stock after purchasing an additional 13,564 shares during the period. Vestor Capital LLC’s holdings in U.S. Bancorp were worth $852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arete Wealth Advisors LLC boosted its position in U.S. Bancorp by 40.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 30,955 shares of the financial services provider’s stock worth $1,609,000 after acquiring an additional 8,931 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 26.9% in the first quarter. Western Wealth Management LLC now owns 47,219 shares of the financial services provider’s stock valued at $2,456,000 after purchasing an additional 9,998 shares during the last quarter. Orographic Financial Advisors LLC bought a new stake in shares of U.S. Bancorp in the first quarter worth $410,000. Royal Fund Management LLC boosted its holdings in U.S. Bancorp by 1.7% during the first quarter. Royal Fund Management LLC now owns 87,841 shares of the financial services provider’s stock worth $4,568,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Bank of America Corp DE grew its position in U.S. Bancorp by 6.9% in the first quarter. Bank of America Corp DE now owns 15,820,033 shares of the financial services provider’s stock valued at $822,800,000 after purchasing an additional 1,022,898 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider directly owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on USB. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Oppenheimer raised their price objective on U.S. Bancorp from $73.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, July 17th. UBS Group lifted their target price on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. BTIG Research set a $67.50 target price on U.S. Bancorp in a report on Monday, July 20th. Finally, Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $75.00 in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $67.06.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $62.92 on Friday. The stock has a market cap of $97.60 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The company has a fifty day moving average price of $59.65 and a two-hundred day moving average price of $56.65. U.S. Bancorp has a one year low of $43.46 and a one year high of $64.84.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.07. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same period in the previous year, the business earned $1.11 EPS. As a group, equities analysts predict that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

U.S. Bancorp Company Profile

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.