Mather Group LLC. Buys 7,732 Shares of U.S. Bancorp (NYSE:USB)

Mather Group LLC. increased its stake in shares of U.S. Bancorp (NYSE:USB) by 63.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,855 shares of the financial services provider’s stock after purchasing an additional 7,732 shares during the quarter. Mather Group LLC.’s holdings in U.S. Bancorp were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USB. Financial Synergies Wealth Advisors Inc. bought a new position in shares of U.S. Bancorp in the 1st quarter valued at $30,000. LRI Investments LLC acquired a new stake in U.S. Bancorp during the 1st quarter worth about $31,000. Eagle Bay Advisors LLC grew its stake in U.S. Bancorp by 93.2% during the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 331 shares during the period. Naples Money Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of U.S. Bancorp during the first quarter valued at about $39,000. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on USB shares. Royal Bank of Canada upped their target price on U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. DA Davidson upped their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. cut shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 price objective for the company. in a report on Thursday, June 27th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, The Goldman Sachs Group lifted their price target on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.23.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.21 during trading on Wednesday, hitting $41.88. 1,824,540 shares of the company’s stock traded hands, compared to its average volume of 8,550,167. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $65.35 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 4.20 and a beta of 1.04. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.88. The business has a 50 day moving average of $41.14 and a 200-day moving average of $41.60.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the firm earned $1.12 EPS. U.S. Bancorp’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.49 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.68%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.

Insider Activity

In other news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was purchased at an average cost of $44.99 per share, with a total value of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,900. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.