Strategic Investment Advisors MI Acquires Shares of 26,370 U.S. Bancorp $USB

Strategic Investment Advisors MI bought a new position in U.S. Bancorp (NYSE:USB) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 26,370 shares of the financial services provider’s stock, valued at approximately $1,372,000.

Several other institutional investors have also made changes to their positions in the company. Inceptionr LLC lifted its holdings in shares of U.S. Bancorp by 424.4% during the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 22,348 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in U.S. Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock worth $539,232,000 after purchasing an additional 93,025 shares in the last quarter. Savvy Advisors Inc. raised its holdings in U.S. Bancorp by 244.4% during the 4th quarter. Savvy Advisors Inc. now owns 30,872 shares of the financial services provider’s stock worth $1,647,000 after buying an additional 21,907 shares during the period. Cardinal Capital Management Inc. lifted its stake in U.S. Bancorp by 17.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 285,196 shares of the financial services provider’s stock valued at $15,218,000 after buying an additional 42,095 shares in the last quarter. Finally, Keudell Morrison Wealth Management purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $2,856,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the subject of several recent analyst reports. Evercore upgraded shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of U.S. Bancorp in a report on Tuesday, July 21st. BTIG Research set a $67.50 price target on shares of U.S. Bancorp in a research report on Monday, July 20th. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. Finally, Raymond James Financial began coverage on shares of U.S. Bancorp in a research report on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.06.

Insider Activity at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares in the company, valued at $4,729,044.52. The trade was a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 0.2%

Shares of NYSE USB opened at $62.92 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. U.S. Bancorp has a one year low of $43.46 and a one year high of $64.84. The business has a 50-day moving average price of $59.65 and a two-hundred day moving average price of $56.65. The firm has a market capitalization of $97.60 billion, a PE ratio of 12.56, a PEG ratio of 1.03 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same quarter in the prior year, the company earned $1.11 EPS. As a group, analysts predict that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is currently 41.52%.

U.S. Bancorp Profile

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.