Foster & Motley Inc. Increases Position in U.S. Bancorp $USB

Foster & Motley Inc. lifted its position in shares of U.S. Bancorp (NYSE:USB) by 122.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 37,868 shares of the financial services provider’s stock after buying an additional 20,855 shares during the quarter. Foster & Motley Inc.’s holdings in U.S. Bancorp were worth $1,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of USB. Brighton Jones LLC lifted its stake in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 36,863 shares during the period. GAMMA Investing LLC lifted its stake in shares of U.S. Bancorp by 0.9% during the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 333 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of U.S. Bancorp by 3.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 10,495 shares of the financial services provider’s stock valued at $443,000 after buying an additional 350 shares during the period. Covea Finance purchased a new position in shares of U.S. Bancorp during the first quarter valued at approximately $3,546,000. Finally, Intact Investment Management Inc. lifted its stake in shares of U.S. Bancorp by 62.0% during the first quarter. Intact Investment Management Inc. now owns 181,000 shares of the financial services provider’s stock valued at $7,642,000 after buying an additional 69,300 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Oppenheimer cut their price target on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a research note on Friday. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, Bank of America increased their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.48.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $45.66 on Friday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a fifty day moving average of $47.93 and a 200-day moving average of $44.82. The firm has a market capitalization of $71.06 billion, a P/E ratio of 10.45, a PEG ratio of 1.34 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.10.

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 (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

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

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.