U.S. Bancorp $USB Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in U.S. Bancorp (NYSE:USB) by 54.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,054 shares of the financial services provider’s stock after purchasing an additional 33,450 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in U.S. Bancorp were worth $5,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMG National Trust Bank increased its holdings in U.S. Bancorp by 2.0% in the 3rd quarter. AMG National Trust Bank now owns 103,426 shares of the financial services provider’s stock worth $5,974,000 after acquiring an additional 2,035 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in U.S. Bancorp by 13.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 19,669 shares of the financial services provider’s stock worth $1,136,000 after acquiring an additional 2,259 shares during the period. Keybank National Association OH lifted its holdings in U.S. Bancorp by 5.6% during the third quarter. Keybank National Association OH now owns 106,446 shares of the financial services provider’s stock valued at $6,148,000 after purchasing an additional 5,687 shares in the last quarter. Csenge Advisory Group lifted its holdings in U.S. Bancorp by 14.4% during the third quarter. Csenge Advisory Group now owns 34,085 shares of the financial services provider’s stock valued at $1,969,000 after purchasing an additional 4,302 shares in the last quarter. Finally, D Orazio & Associates Inc. lifted its holdings in U.S. Bancorp by 5.8% during the third quarter. D Orazio & Associates Inc. now owns 9,622 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 530 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 0.4%

Shares of USB stock opened at $60.72 on Wednesday. The stock’s fifty day moving average is $59.60 and its two-hundred day moving average is $58.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $94.61 billion, a P/E ratio of 11.84, a PEG ratio of 1.16 and a beta of 1.02. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.02. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The company had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $8 billion. During the same quarter in the previous year, the company posted $1.22 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts expect that U.S. Bancorp will post 5.30 earnings per share 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. Stockholders of record on Wednesday, September 30th were paid a $0.54 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. 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. U.S. Bancorp’s payout ratio is 42.11%.

Insiders Place Their Bets

In related news, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the transaction, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USB. Robert W. Baird lifted their target price on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Wells Fargo & Company upped their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods raised their price target on shares of U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, July 17th. CLSA set a $67.50 price target on shares of U.S. Bancorp in a research note on Monday, July 20th. Finally, Morgan Stanley set a $68.00 price objective on U.S. Bancorp in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.65.

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.