M Holdings Securities Inc. Makes New Investment in U.S. Bancorp $USB

M Holdings Securities Inc. bought a new position in shares of U.S. Bancorp (NYSE:USB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,818 shares of the financial services provider’s stock, valued at approximately $804,000.

Other large investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC raised its stake in shares of U.S. Bancorp by 32.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Blalock Williams LLC boosted its stake in U.S. Bancorp by 3.8% in the 2nd quarter. Blalock Williams LLC now owns 4,680 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 171 shares during the period. Virtue Capital Management LLC boosted its stake in U.S. Bancorp by 2.4% in the 3rd quarter. Virtue Capital Management LLC now owns 7,517 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 177 shares during the period. International Assets Investment Management LLC boosted its stake in U.S. Bancorp by 1.7% in the 3rd quarter. International Assets Investment Management LLC now owns 11,093 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 181 shares during the period. Finally, FAS Wealth Partners Inc. grew its holdings in U.S. Bancorp by 0.9% during the 1st quarter. FAS Wealth Partners Inc. now owns 19,964 shares of the financial services provider’s stock valued at $1,038,000 after buying an additional 186 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USB has been the topic of several analyst reports. Evercore reiterated an “outperform” rating and set a $67.00 price target (down from $72.00) on shares of U.S. Bancorp in a research report on Wednesday, October 28th. Keefe, Bruyette & Woods increased their price target on shares of U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $64.00 price objective (down from $71.00) on shares of U.S. Bancorp in a research report on Thursday, October 15th. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Finally, BTIG Research set a $67.50 target price on shares of U.S. Bancorp in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.65.

U.S. Bancorp Trading Down 0.4%

Shares of USB stock opened at $60.72 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The company has a market capitalization of $94.61 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. The business’s fifty day moving average is $59.60 and its 200 day moving average is $58.23.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.32 by $0.02. U.S. Bancorp had a return on equity of 13.85% and a net margin of 18.85%. The business had revenue of $8.04 billion during the quarter, compared to analysts’ expectations of $8 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Bancorp will post 5.30 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s payout ratio is 42.11%.

Insider Buying and Selling at U.S. Bancorp

In other 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 in the company, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Company Profile

U.S. Bancorp is the parent company of U.S. Bank, a financial services provider serving consumers, businesses, institutions and government entities across the United States. Its history traces to 1863, when one of its predecessor institutions, First National Bank of Cincinnati, was established. U.S. Bank offers consumer and business banking, lending, payment services, wealth management, investment services and corporate trust services. Its products include checking and savings accounts, credit cards, mortgages, commercial loans and digital banking solutions.