Outlook Capital Management LLC Invests $3.26 Million in U.S. Bancorp $USB

Outlook Capital Management LLC acquired a new position in U.S. Bancorp (NYSE:USB) in the 2nd quarter, HoldingsChannel reports. The fund acquired 54,000 shares of the financial services provider’s stock, valued at approximately $3,262,000. U.S. Bancorp comprises about 1.1% of Outlook Capital Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its position in U.S. Bancorp by 32.9% during the second quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 170 shares during the period. Blalock Williams LLC raised its position in shares of U.S. Bancorp by 3.8% in the second quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 171 shares during the period. Paulson Wealth Management Inc. boosted its holdings in U.S. Bancorp by 2.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 8,780 shares of the financial services provider’s stock worth $469,000 after buying an additional 173 shares during the period. Flputnam Investment Management Co. boosted its holdings in U.S. Bancorp by 1.4% in the 4th quarter. Flputnam Investment Management Co. now owns 13,721 shares of the financial services provider’s stock worth $732,000 after buying an additional 186 shares during the period. Finally, Formidable Asset Management LLC grew its stake in U.S. Bancorp by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 23,373 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 186 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the sale, the chief executive officer owned 426,262 shares of the company’s stock, valued at $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen L. Philipson sold 36,906 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $68.00 target price on shares of U.S. Bancorp in a report on Monday, August 24th. Robert W. Baird raised their price target on U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Oppenheimer lifted their price target on U.S. Bancorp from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Wells Fargo & Company boosted their price objective on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Barclays increased their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One investment 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’s stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $67.06.

U.S. Bancorp Price Performance

NYSE:USB opened at $63.36 on Friday. The firm has a market capitalization of $98.72 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.13 and a beta of 0.95. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The stock has a fifty day moving average of $63.07 and a 200 day moving average of $57.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $1.11 EPS. On average, research analysts expect that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

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

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.