ProShare Advisors LLC Has $15.09 Million Stock Position in U.S. Bancorp $USB

ProShare Advisors LLC lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 9.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,298 shares of the financial services provider’s stock after selling 32,451 shares during the period. ProShare Advisors LLC’s holdings in U.S. Bancorp were worth $15,093,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $25,000. Guerra Advisors Inc bought a new position in shares of U.S. Bancorp in the third quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter worth $26,000. Hillsdale Investment Management Inc. bought a new stake in U.S. Bancorp during the second quarter worth $27,000. Finally, Pineridge Advisors LLC raised its position in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 522 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

USB has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a report on Monday. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Bank of America raised their price objective on 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, Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 target price on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.79.

Insider Activity

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider owned 97,728 shares in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Trading Up 0.4%

Shares of USB stock opened at $60.60 on Wednesday. The firm has a 50 day moving average price of $55.01 and a two-hundred day moving average price of $50.11. The company has a market capitalization of $94.20 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.06. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $60.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. U.S. Bancorp’s payout ratio is currently 45.02%.

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.