Dana Investment Advisors Inc. Sells 399 Shares of U.S. Bancorp (NYSE:USB)

Dana Investment Advisors Inc. lowered its position in shares of U.S. Bancorp (NYSE:USB) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,283 shares of the financial services provider’s stock after selling 399 shares during the period. Dana Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of U.S. Bancorp by 54.6% during the first quarter. JPMorgan Chase & Co. now owns 36,167,368 shares of the financial services provider’s stock valued at $2,000,417,000 after acquiring an additional 12,779,463 shares in the last quarter. Geode Capital Management LLC grew its position in U.S. Bancorp by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 21,438,355 shares of the financial services provider’s stock worth $1,182,720,000 after purchasing an additional 589,802 shares during the period. Davis Selected Advisers grew its position in U.S. Bancorp by 7.7% in the 1st quarter. Davis Selected Advisers now owns 18,170,271 shares of the financial services provider’s stock worth $1,004,998,000 after purchasing an additional 1,296,831 shares during the period. Ameriprise Financial Inc. grew its position in U.S. Bancorp by 22.2% in the 1st quarter. Ameriprise Financial Inc. now owns 12,478,633 shares of the financial services provider’s stock worth $690,275,000 after purchasing an additional 2,267,492 shares during the period. Finally, Franklin Resources Inc. grew its position in U.S. Bancorp by 3.8% in the 1st quarter. Franklin Resources Inc. now owns 11,343,445 shares of the financial services provider’s stock worth $627,402,000 after purchasing an additional 415,910 shares during the period. 73.80% of the stock is owned by institutional investors.

USB opened at $55.91 on Wednesday. The stock has a market cap of $82.89 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. U.S. Bancorp has a fifty-two week low of $34.17 and a fifty-two week high of $62.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.74 and a current ratio of 0.76. The firm’s fifty day moving average is $56.53 and its 200 day moving average is $57.08.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 14th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.14 by $0.14. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.62 billion. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, equities research analysts predict that U.S. Bancorp will post 5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.29%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.42. U.S. Bancorp’s payout ratio is presently 54.90%.

A number of equities research analysts have commented on the stock. Compass Point lifted their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 18th. Credit Suisse Group boosted their price objective on shares of U.S. Bancorp from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, August 25th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 29th. Finally, Barclays boosted their price objective on shares of U.S. Bancorp from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 16th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $62.37.

U.S. Bancorp Company Profile

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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