Groupama Asset Managment Takes $912,000 Position in U.S. Bancorp $USB

Groupama Asset Managment purchased a new position in U.S. Bancorp (NYSE:USB) during the first quarter, HoldingsChannel reports. The firm purchased 17,543 shares of the financial services provider’s stock, valued at approximately $912,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of U.S. Bancorp during the first quarter worth approximately $27,000. Main Street Group LTD purchased a new position in shares of U.S. Bancorp during the first quarter worth approximately $28,000. JPL Wealth Management LLC bought a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $28,000. Finally, Binnacle Investments Inc raised its stake in shares of U.S. Bancorp by 77.8% during the third quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on USB shares. Evercore raised U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 price objective on the stock in a research note on Monday, July 20th. Wells Fargo & Company lifted their target price on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Barclays upped their target price on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. UBS Group increased their price target on U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Citigroup restated a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

U.S. Bancorp Trading Up 0.2%

NYSE:USB opened at $63.00 on Friday. U.S. Bancorp has a 12 month low of $43.46 and a 12 month high of $64.84. The firm has a fifty day simple moving average of $59.82 and a 200-day simple moving average of $56.70. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $97.72 billion, a P/E ratio of 12.58, a PEG ratio of 1.03 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company earned $1.11 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. 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 payout ratio is presently 41.52%.

Insider Activity

In related news, insider Stephen L. Philipson sold 36,906 shares of U.S. Bancorp stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares of the company’s stock, valued at $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Company 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.