Schroder Investment Management Group Purchases 244,012 Shares of U.S. Bancorp $USB

Schroder Investment Management Group lifted its position in U.S. Bancorp (NYSE:USB) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,888,219 shares of the financial services provider’s stock after purchasing an additional 244,012 shares during the period. Schroder Investment Management Group owned about 0.19% of U.S. Bancorp worth $139,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Guerra Advisors Inc bought a new position in shares of U.S. Bancorp in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in U.S. Bancorp in the 3rd quarter valued at $26,000. Hillsdale Investment Management Inc. purchased a new stake in U.S. Bancorp in the 2nd quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at about $31,000. Finally, Pineridge Advisors LLC grew its position in shares of U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp 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 directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of several research reports. Barclays lifted their target price on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Argus upped their price objective on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Evercore raised their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Oppenheimer increased their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, 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 research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $52.08 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s fifty day moving average price is $56.02 and its 200-day moving average price is $51.53. The firm has a market cap of $80.91 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.94 and a beta of 1.04. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

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.