Jaffetilchin Investment Partners LLC Invests $504,000 in U.S. Bancorp (NYSE:USB)

Jaffetilchin Investment Partners LLC bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,021 shares of the financial services provider's stock, valued at approximately $504,000.

Several other hedge funds have also recently bought and sold shares of USB. QRG Capital Management Inc. lifted its holdings in shares of U.S. Bancorp by 215.7% during the first quarter. QRG Capital Management Inc. now owns 54,043 shares of the financial services provider's stock valued at $2,416,000 after purchasing an additional 36,926 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of U.S. Bancorp by 7.1% during the first quarter. Bleakley Financial Group LLC now owns 42,359 shares of the financial services provider's stock worth $1,893,000 after purchasing an additional 2,798 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of U.S. Bancorp during the first quarter worth approximately $3,638,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of U.S. Bancorp by 23.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 233,819 shares of the financial services provider's stock worth $10,452,000 after acquiring an additional 44,624 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new position in shares of U.S. Bancorp during the 1st quarter valued at about $732,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

NYSE:USB traded down $0.28 during mid-day trading on Tuesday, reaching $50.76. The stock had a trading volume of 7,559,946 shares, compared to its average volume of 8,346,004. The stock has a market capitalization of $79.19 billion, a PE ratio of 15.61, a P/E/G ratio of 2.96 and a beta of 1.02. The stock has a 50-day simple moving average of $46.60 and a two-hundred day simple moving average of $43.46. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $33.61 and a 12 month high of $51.76.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating 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%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post 3.93 earnings per share for the current year.

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

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.50 dividend. This is an increase 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 of this dividend was Monday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the transaction, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USB. Evercore ISI upped their price objective on U.S. Bancorp from $51.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a "neutral" rating in a research report on Thursday, July 18th. StockNews.com raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Wednesday, July 17th. Stephens lifted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada set a $53.00 target price on U.S. Bancorp in a report on Thursday, October 17th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $51.12.

About U.S. Bancorp

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.