2 weeks Ago By ABMN Staff
Security National Bank of Sioux City Iowa IA cut its stake in U.S. Bancorp ( NYSE:USB – Free Report ) by 3.
0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,739 shares of the financial services provider’s stock after selling 301 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in U.
S. Bancorp were worth $387,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in the stock.
Morningstar Investment Management LLC increased its position in shares of U.S. Bancorp by 760.
8% during the 4th quarter. Morningstar Investment Management LLC now owns 83,833 shares of the financial services provider’s stock valued at $3,628,000 after purchasing an additional 74,094 shares during the period. Brookstone Capital Management grew its holdings in U.
S. Bancorp by 2,056.5% during the first quarter.
Brookstone Capital Management now owns 218,668 shares of the financial services provider’s stock worth $9,774,000 after acquiring an additional 208,528 shares during the period. Manning & Napier Advisors LLC bought a new stake in U.S.
Bancorp in the second quarter worth about $20,188,000. Public Employees Retirement Association of Colorado lifted its holdings in U.S.
Bancorp by 2,440.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,307 shares of the financial services provider’s stock valued at $9,838,000 after acquiring an additional 218,361 shares during the last quarter.
Finally, Mission Wealth Management LP boosted its position 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 valued at $817,000 after purchasing an additional 12,197 shares in the last quarter. Institutional investors and hedge funds own 77.
60% of the company’s stock. U.S.
Bancorp Trading Up 0.4 % Shares of NYSE:USB opened at $45.47 on Friday.
U.S. Bancorp has a 1 year low of $30.
47 and a 1 year high of $47.31. The firm has a fifty day moving average price of $44.
53 and a 200 day moving average price of $42.39. The company has a current ratio of 0.
81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05.
The stock has a market capitalization of $70.95 billion, a PE ratio of 15.06, a P/E/G ratio of 3.
06 and a beta of 1.04. U.
S. Bancorp Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.
50 dividend. This is a positive change from U.S.
Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, September 30th.
This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.40%.
U.S. Bancorp’s dividend payout ratio (DPR) is currently 66.
23%. U.S.
Bancorp declared that its Board of Directors has approved a stock buyback program on Thursday, September 12th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 7% of its shares through open market purchases.
Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued. Analyst Ratings Changes A number of research firms recently commented on USB. DA Davidson boosted their target price on shares of U.
S. Bancorp from $44.00 to $49.
00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price target on shares of U.
S. Bancorp in a report on Friday, September 13th. UBS Group raised their price objective on U.
S. Bancorp from $43.00 to $46.
00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Wells Fargo & Company lifted their target price on U.S.
Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th.
Finally, StockNews.com raised U.S.
Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average price target of $48.18. View Our Latest Analysis on U.
S. Bancorp Insider Transactions at U.S.
Bancorp In other news, Director Aleem Gillani bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average price of $44.99 per share, for a total transaction of $449,900.
00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $449,900. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink .
0.23% of the stock is owned by corporate insiders. U.
S. Bancorp Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding USB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for U.S. Bancorp ( NYSE:USB – Free Report ).
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