Strategic Value Bank Partners LLC Buys Shares of 100,000 U.S. Bancorp $USB

Strategic Value Bank Partners LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the financial services provider’s stock, valued at approximately $4,525,000. U.S. Bancorp makes up approximately 2.6% of Strategic Value Bank Partners LLC’s holdings, making the stock its 14th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 buying an additional 2,393,383 shares in the last quarter. Amundi raised its holdings in U.S. Bancorp by 2.2% during the first quarter. Amundi now owns 19,907,665 shares of the financial services provider’s stock valued at $773,268,000 after buying an additional 422,050 shares in the last quarter. Davis Selected Advisers raised its holdings in U.S. Bancorp by 3.6% during the first quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider’s stock valued at $628,614,000 after buying an additional 513,875 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in U.S. Bancorp by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,679,104 shares of the financial services provider’s stock valued at $535,312,000 after buying an additional 104,185 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings 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 buying an additional 1,045,509 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on USB. Citigroup raised their price target on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. Bank of America raised their price target on U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson raised their price target on U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research report 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 report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.48.

U.S. Bancorp Stock Up 3.1%

USB stock opened at $47.10 on Tuesday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market cap of $73.29 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06. The business’s 50-day simple moving average is $47.98 and its 200 day simple moving average is $44.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping 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 business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 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.