B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 130,109 U.S. Bancorp (NYSE:USB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 130,109 shares of the financial services provider's stock, valued at approximately $5,950,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC grew its position in shares of U.S. Bancorp by 1.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 20,084 shares of the financial services provider's stock valued at $918,000 after purchasing an additional 355 shares during the last quarter. Prospera Financial Services Inc grew its position in shares of U.S. Bancorp by 16.4% in the third quarter. Prospera Financial Services Inc now owns 112,826 shares of the financial services provider's stock valued at $5,160,000 after purchasing an additional 15,908 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of U.S. Bancorp by 5,823.8% in the third quarter. Meeder Asset Management Inc. now owns 28,612 shares of the financial services provider's stock valued at $1,308,000 after purchasing an additional 28,129 shares during the last quarter. Vertex Planning Partners LLC acquired a new position in shares of U.S. Bancorp in the third quarter valued at approximately $203,000. Finally, Caprock Group LLC grew its position in shares of U.S. Bancorp by 3.6% in the third quarter. Caprock Group LLC now owns 46,366 shares of the financial services provider's stock valued at $2,144,000 after purchasing an additional 1,606 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of USB traded up $0.34 during trading hours on Wednesday, reaching $50.74. The stock had a trading volume of 8,066,370 shares, compared to its average volume of 8,353,047. U.S. Bancorp has a 12 month low of $36.49 and a 12 month high of $51.76. The stock has a market capitalization of $79.16 billion, a PE ratio of 15.52, a PEG ratio of 2.94 and a beta of 1.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The company's 50-day moving average is $47.33 and its two-hundred day moving average is $43.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. U.S. Bancorp's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Research analysts expect that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.50 per share. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Monday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is currently 61.16%.

U.S. Bancorp announced that its Board of Directors has approved a stock buyback plan on Thursday, September 12th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on USB shares. Morgan Stanley raised U.S. Bancorp from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Robert W. Baird set a $54.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Barclays increased their price target on U.S. Bancorp from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Evercore ISI increased their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, DA Davidson increased their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of "Hold" and a consensus target price of $51.22.

Insider Buying and Selling

In other news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the transaction, the insider now directly owns 129,790 shares of the company's stock, valued at approximately $6,363,603.70. This trade represents a 16.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by corporate 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.