Cambridge Investment Research Advisors Inc. raised its position in U.S. Bancorp (NYSE:USB – Free Report) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,237 shares of the financial services provider’s stock after purchasing an additional 16,483 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in U.S. Bancorp were worth $6,351,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in shares of U.S. Bancorp by 46.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 673 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Vestcor Inc grew its stake in U.S. Bancorp by 0.7% during the fourth quarter. Vestcor Inc now owns 33,480 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 230 shares during the period. Acadian Asset Management LLC grew its stake in U.S. Bancorp by 3.0% during the first quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 276 shares during the period. Gamco Investors INC. ET AL grew its stake in U.S. Bancorp by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 8,520 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 280 shares during the period. Finally, Laurel Wealth Advisors Inc. grew its stake in U.S. Bancorp by 1.1% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 27,727 shares of the financial services provider’s stock worth $1,209,000 after purchasing an additional 290 shares during the period. 75.40% of the stock is currently owned by institutional investors.
U.S. Bancorp Stock Performance
Shares of U.S. Bancorp stock opened at $33.38 on Monday. The business’s fifty day simple moving average is $37.18 and its 200 day simple moving average is $34.73. The firm has a market capitalization of $51.17 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $49.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.
U.S. Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 annualized dividend and a dividend yield of 5.75%. U.S. Bancorp’s payout ratio is presently 53.19%.
Insider Buying and Selling at U.S. Bancorp
In other U.S. Bancorp news, CFO Terrance R. Dolan sold 26,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total value of $1,033,500.00. Following the sale, the chief financial officer now directly owns 166,992 shares in the company, valued at $6,637,932. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other U.S. Bancorp news, CFO Terrance R. Dolan sold 26,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.75, for a total value of $1,033,500.00. Following the sale, the chief financial officer now directly owns 166,992 shares in the company, valued at $6,637,932. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy A. Welsh sold 13,816 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $39.79, for a total value of $549,738.64. Following the completion of the sale, the insider now owns 119,058 shares in the company, valued at $4,737,317.82. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on USB shares. HSBC started coverage on U.S. Bancorp in a research note on Thursday, September 7th. They set a “hold” rating and a $30.00 target price for the company. Barclays reduced their price objective on U.S. Bancorp from $52.00 to $48.00 in a research note on Tuesday, June 27th. Stephens reissued an “overweight” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a research note on Monday, July 24th. Citigroup reduced their price objective on U.S. Bancorp from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on U.S. Bancorp from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.90.
Read Our Latest Stock Analysis on U.S. Bancorp
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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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