U.S. Bancorp (NYSE:USB) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 103.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 244,622 shares of the financial services provider's stock after purchasing an additional 124,301 shares during the period. Mizuho Securities USA LLC's holdings in U.S. Bancorp were worth $11,187,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of USB. McAdam LLC boosted its position in U.S. Bancorp by 2.5% in the third quarter. McAdam LLC now owns 8,503 shares of the financial services provider's stock valued at $389,000 after buying an additional 209 shares in the last quarter. Covestor Ltd lifted its position in U.S. Bancorp by 15.2% in the 3rd quarter. Covestor Ltd now owns 1,741 shares of the financial services provider's stock worth $80,000 after buying an additional 230 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of U.S. Bancorp by 2.9% in the second quarter. Valmark Advisers Inc. now owns 8,707 shares of the financial services provider's stock worth $346,000 after purchasing an additional 242 shares during the last quarter. Phillips Wealth Planners LLC lifted its stake in U.S. Bancorp by 2.1% in the third quarter. Phillips Wealth Planners LLC now owns 12,056 shares of the financial services provider's stock worth $593,000 after acquiring an additional 243 shares during the period. Finally, Waldron Private Wealth LLC grew its stake in U.S. Bancorp by 1.9% in the second quarter. Waldron Private Wealth LLC now owns 13,285 shares of the financial services provider's stock worth $534,000 after purchasing an additional 247 shares during the period. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

In related news, insider Jodi L. Richard sold 25,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $6,363,603.70. This trade represents a 16.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded down $0.41 during midday trading on Friday, reaching $49.90. 13,570,863 shares of the company's stock were exchanged, compared to its average volume of 8,047,181. U.S. Bancorp has a 12 month low of $36.49 and a 12 month high of $51.76. 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 simple moving average is $46.99 and its two-hundred day simple moving average is $43.71. The firm has a market capitalization of $77.85 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02.

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

U.S. Bancorp announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.50 dividend. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.01%. U.S. Bancorp's dividend payout ratio (DPR) is presently 61.16%.

Analyst Ratings Changes

USB has been the subject of a number of recent research reports. Barclays boosted their price target on U.S. Bancorp from $52.00 to $57.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 price objective on the stock. in a report on Thursday, October 24th. DA Davidson lifted their price target on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price target on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, U.S. Bancorp currently has an average rating of "Hold" and an average price target of $51.22.

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.