Commerzbank Aktiengesellschaft FI Invests $10.49 Million in U.S. Bancorp $USB

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 173,676 shares of the financial services provider’s stock, valued at approximately $10,490,000.

Several other institutional investors and hedge funds have also modified their holdings of USB. Financial Life Planners acquired a new position in U.S. Bancorp during the first quarter worth $27,000. Main Street Group LTD bought a new stake in shares of U.S. Bancorp during the 1st quarter worth about $28,000. Rossby Financial LCC boosted its stake in shares of U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 212 shares in the last quarter. NFSG Corp acquired a new position in shares of U.S. Bancorp during the 1st quarter valued at about $31,000. Finally, JPL Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $64.81 on Tuesday. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $100.98 billion, a PE ratio of 12.94, a P/E/G ratio of 1.07 and a beta of 0.96. The stock has a 50-day simple moving average of $61.95 and a 200 day simple moving average of $57.45.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $1.11 EPS. Research analysts anticipate that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is currently 41.52%.

Insider Activity

In other news, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of U.S. Bancorp in a research report on Friday, July 31st. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $75.00 in a research report on Monday, July 6th. Raymond James Financial assumed coverage on shares of U.S. Bancorp in a research note on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price objective for the company. Finally, BTIG Research set a $67.50 price objective on shares of U.S. Bancorp in a report on Monday, July 20th. One research 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 company. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

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.