U.S. Bancorp (NYSE:USB) Stock Holdings Lifted by Bill Few Associates Inc.

Bill Few Associates Inc. grew its position in U.S. Bancorp (NYSE:USB) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,329 shares of the financial services provider’s stock after purchasing an additional 997 shares during the period. Bill Few Associates Inc.’s holdings in U.S. Bancorp were worth $1,981,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in USB. Brookstone Capital Management increased its holdings in U.S. Bancorp by 2,056.5% in the first quarter. Brookstone Capital Management now owns 218,668 shares of the financial services provider’s stock worth $9,774,000 after buying an additional 208,528 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in U.S. Bancorp in the second quarter worth approximately $20,188,000. Mission Wealth Management LP increased its stake in shares of U.S. Bancorp by 200.7% during the 1st quarter. Mission Wealth Management LP now owns 18,273 shares of the financial services provider’s stock worth $817,000 after purchasing an additional 12,197 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of U.S. Bancorp by 6.4% during the 1st quarter. Janus Henderson Group PLC now owns 276,599 shares of the financial services provider’s stock valued at $12,363,000 after purchasing an additional 16,686 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of U.S. Bancorp by 90.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 862,317 shares of the financial services provider’s stock valued at $36,676,000 after purchasing an additional 409,192 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on USB shares. UBS Group increased their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. DA Davidson increased their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Morgan Stanley upgraded U.S. Bancorp from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $54.00 to $57.00 in a report on Monday, September 30th. Finally, Oppenheimer boosted their price objective on shares of U.S. Bancorp from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.14.

U.S. Bancorp Price Performance

Shares of USB stock opened at $47.00 on Wednesday. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $48.08. The company has a market capitalization of $73.34 billion, a P/E ratio of 15.56, a P/E/G ratio of 3.32 and a beta of 1.03. The stock has a 50 day moving average of $44.78 and a two-hundred day moving average of $42.53. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. U.S. Bancorp’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 3.86 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.26%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 66.23%.

U.S. Bancorp declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.