Catalyst Capital Advisors LLC Makes New $82,000 Investment in U.S. Bancorp $USB

Catalyst Capital Advisors LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) in the second quarter, Holdings Channel reports. The fund bought 1,813 shares of the financial services provider’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp during the first quarter worth $26,000. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $27,000. YANKCOM Partnership lifted its holdings in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after buying an additional 260 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of U.S. Bancorp by 118.0% during the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USB shares. DA Davidson lifted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Friday. The Goldman Sachs Group set a $52.00 price target on U.S. Bancorp and gave the company a “neutral” rating in a research note on Friday, October 17th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, Oppenheimer dropped their price target on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $54.55.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $48.31 on Friday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $48.10 and its two-hundred day moving average price is $45.19. The stock has a market cap of $75.17 billion, a PE ratio of 11.05, a P/E/G ratio of 1.29 and a beta of 1.06.

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

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.52 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the transaction, the executive vice president owned 226,375 shares in the company, valued at $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total value of $6,508,221.30. Following the completion of the transaction, the chairman owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. This represents a 9.36% decrease in their position. The disclosure for this sale can be found here. 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.