U.S. Bancorp $USB Shares Bought by Citizens Business Bank

Citizens Business Bank boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 91,565 shares of the financial services provider’s stock after buying an additional 1,557 shares during the period. Citizens Business Bank’s holdings in U.S. Bancorp were worth $4,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USB. Nuveen LLC acquired a new stake in U.S. Bancorp during the first quarter valued at approximately $138,183,000. Vanguard Group Inc. lifted its stake in U.S. Bancorp by 1.7% during the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after purchasing an additional 2,393,383 shares during the last quarter. American Century Companies Inc. lifted its stake in U.S. Bancorp by 17.4% during the first quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after purchasing an additional 1,493,318 shares during the last quarter. Nordea Investment Management AB lifted its stake in U.S. Bancorp by 192.0% during the second quarter. Nordea Investment Management AB now owns 1,994,993 shares of the financial services provider’s stock valued at $90,752,000 after purchasing an additional 1,311,746 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in U.S. Bancorp by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after purchasing an additional 1,045,509 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $51.00 to $57.00 in a research note on Monday, July 7th. DA Davidson increased their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday. Bank of America upped their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore ISI upped their price target on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.48.

U.S. Bancorp Stock Up 0.0%

Shares of NYSE:USB opened at $45.66 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $71.06 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The firm has a 50 day simple moving average of $47.93 and a 200 day simple moving average of $44.81.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.52 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 annualized dividend and a yield of 4.6%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

U.S. Bancorp 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.