Robeco Institutional Asset Management B.V. Increases Stock Position in U.S. Bancorp $USB

Robeco Institutional Asset Management B.V. lifted its position in shares of U.S. Bancorp (NYSE:USB) by 24.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,422,532 shares of the financial services provider’s stock after purchasing an additional 275,661 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in U.S. Bancorp were worth $68,751,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in U.S. Bancorp by 7.7% in the 3rd quarter. D.A. Davidson & CO. now owns 436,038 shares of the financial services provider’s stock valued at $21,074,000 after buying an additional 31,201 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of U.S. Bancorp by 7.9% in the third quarter. CWA Asset Management Group LLC now owns 143,705 shares of the financial services provider’s stock valued at $6,945,000 after acquiring an additional 10,483 shares in the last quarter. Park Place Capital Corp increased its position in shares of U.S. Bancorp by 15.2% during the third quarter. Park Place Capital Corp now owns 12,714 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 1,678 shares during the last quarter. Mechanics Bank Trust Department bought a new stake in U.S. Bancorp during the third quarter worth $203,000. Finally, Centennial Wealth Advisory LLC boosted its position in U.S. Bancorp by 5.7% in the third quarter. Centennial Wealth Advisory LLC now owns 15,380 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 833 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other news, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was 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 directly owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the transaction, the executive vice president owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on USB. Barclays raised their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen raised their price objective on shares of U.S. Bancorp from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, October 20th. UBS Group lifted their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Bank of America increased their target price on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of U.S. Bancorp from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.74.

U.S. Bancorp Price Performance

NYSE USB opened at $56.03 on Wednesday. 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 company has a market cap of $87.09 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.07. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $56.20. The firm’s 50-day simple moving average is $50.56 and its two-hundred day simple moving average is $48.34.

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

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s payout ratio is presently 47.60%.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.