Nelson Van Denburg & Campbell Wealth Management Group LLC Decreases Stake in U.S. Bancorp (NYSE:USB)

Nelson Van Denburg & Campbell Wealth Management Group LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,060 shares of the financial services provider’s stock after selling 720 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in U.S. Bancorp were worth $169,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Manchester Financial Inc. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $30,000. Lenox Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $33,000. Hillsdale Investment Management Inc. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $37,000. Prime Capital Investment Advisors LLC raised its holdings in shares of U.S. Bancorp by 174.0% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 707 shares of the financial services provider’s stock valued at $37,000 after buying an additional 449 shares during the period. Finally, HMS Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 75.49% of the company’s stock.

In other news, Vice Chairman Shailesh M. Kotwal sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.33, for a total value of $1,146,600.00. Following the completion of the sale, the insider now directly owns 65,959 shares in the company, valued at approximately $3,781,429.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David B. Omaley sold 10,133 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the sale, the director now owns 191,754 shares of the company’s stock, valued at $10,692,203.04. The disclosure for this sale can be found here. Insiders sold a total of 50,547 shares of company stock valued at $2,862,231 over the last quarter. Company insiders own 0.24% of the company’s stock.



Several equities research analysts recently commented on USB shares. Piper Jaffray Companies set a $59.00 target price on U.S. Bancorp and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley lifted their price objective on U.S. Bancorp from $55.00 to $56.00 and gave the stock an “underweight” rating in a report on Thursday, July 18th. Citigroup downgraded U.S. Bancorp from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $54.00 to $49.00 in a report on Tuesday. Deutsche Bank set a $59.00 price objective on U.S. Bancorp and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, UBS Group lifted their price objective on U.S. Bancorp from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $56.31.

USB stock opened at $53.47 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.86. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $57.81. The stock’s 50 day moving average is $53.94 and its two-hundred day moving average is $52.66. The company has a market capitalization of $82.90 billion, a PE ratio of 12.47, a P/E/G ratio of 2.04 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. U.S. Bancorp had a return on equity of 15.45% and a net margin of 26.70%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the previous year, the business earned $1.02 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.3 EPS for the current year.

U.S. Bancorp declared that its board has initiated a share buyback plan on Thursday, June 27th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.14%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, September 27th. U.S. Bancorp’s payout ratio is 40.98%.

U.S. Bancorp Company 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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