Jacobi Capital Management LLC Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

Jacobi Capital Management LLC grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,563 shares of the financial services provider’s stock after purchasing an additional 738 shares during the quarter. Jacobi Capital Management LLC’s holdings in U.S. Bancorp were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in U.S. Bancorp during the fourth quarter valued at about $26,000. Planned Solutions Inc. purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth about $27,000. Naples Money Management LLC purchased a new position in U.S. Bancorp in the 4th quarter worth approximately $30,000. Financial Synergies Wealth Advisors Inc. purchased a new stake in U.S. Bancorp during the 1st quarter valued at approximately $30,000. Finally, Eagle Bay Advisors LLC raised its position in shares of 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 valued at $31,000 after buying an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were bought at an average cost of $44.99 per share, for a total transaction of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $449,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 0.6 %

Shares of NYSE:USB traded up $0.28 on Monday, hitting $45.04. 12,230,270 shares of the company’s stock were exchanged, compared to its average volume of 8,603,756. The business’s 50 day simple moving average is $40.39 and its two-hundred day simple moving average is $41.45. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $70.28 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 4.34 and a beta of 1.04. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Analysts anticipate that U.S. Bancorp will post 3.89 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 annualized dividend and a yield of 4.35%. U.S. Bancorp’s payout ratio is currently 64.90%.

Analysts Set New Price Targets

Several analysts have commented on USB shares. Oppenheimer decreased their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Citigroup increased their price target on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays lowered their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $53.00 in a research report on Thursday, March 28th. Finally, 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 research note on Thursday, June 27th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $47.72.

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.