CSM Advisors LLC Grows Stake in U.S. Bancorp $USB

CSM Advisors LLC increased its position in U.S. Bancorp (NYSE:USB) by 52.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,046,933 shares of the financial services provider’s stock after purchasing an additional 358,638 shares during the period. U.S. Bancorp accounts for 1.4% of CSM Advisors LLC’s portfolio, making the stock its 8th biggest position. CSM Advisors LLC owned approximately 0.07% of U.S. Bancorp worth $50,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cannell & Spears LLC boosted its holdings in shares of U.S. Bancorp by 1.0% during the 3rd quarter. Cannell & Spears LLC now owns 22,309 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 214 shares in the last quarter. Parcion Private Wealth LLC increased its stake in shares of U.S. Bancorp by 0.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock worth $2,581,000 after acquiring an additional 218 shares in the last quarter. Modern Wealth Management LLC increased its stake in shares of U.S. Bancorp by 1.0% in the 3rd quarter. Modern Wealth Management LLC now owns 22,493 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 221 shares in the last quarter. Diversify Advisory Services LLC lifted its position in U.S. Bancorp by 4.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 232 shares during the period. Finally, Bogart Wealth LLC lifted its position in U.S. Bancorp by 4.4% during the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 0.9%

Shares of U.S. Bancorp stock opened at $51.00 on Friday. The company has a 50-day simple moving average of $55.86 and a two-hundred day simple moving average of $51.60. The stock has a market capitalization of $79.17 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a net margin of 17.66% and a return on equity of 13.48%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares of the company’s stock, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of a number of recent research reports. DA Davidson upped their price objective on shares of U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a report on Monday, February 9th. Barclays boosted their price target on U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Oppenheimer upped their price target on U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, TD Cowen raised their price objective on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $60.02.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.