Natixis Advisors LLC Raises Stock Position in U.S. Bancorp (NYSE:USB)

Natixis Advisors LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 401,232 shares of the financial services provider's stock after purchasing an additional 56,990 shares during the quarter. Natixis Advisors LLC's holdings in U.S. Bancorp were worth $18,348,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USB. Los Angeles Capital Management LLC grew its position in shares of U.S. Bancorp by 723.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 3,211,555 shares of the financial services provider's stock worth $146,864,000 after buying an additional 2,821,642 shares during the period. Marshall Wace LLP lifted its holdings in U.S. Bancorp by 1,438.4% during the second quarter. Marshall Wace LLP now owns 2,263,296 shares of the financial services provider's stock worth $89,853,000 after acquiring an additional 2,116,175 shares in the last quarter. National Bank of Canada FI grew its stake in U.S. Bancorp by 313.8% in the second quarter. National Bank of Canada FI now owns 2,698,642 shares of the financial services provider's stock valued at $105,903,000 after acquiring an additional 2,046,522 shares during the period. Bridges Investment Management Inc. increased its holdings in shares of U.S. Bancorp by 1,554.3% in the third quarter. Bridges Investment Management Inc. now owns 1,503,638 shares of the financial services provider's stock worth $68,761,000 after acquiring an additional 1,412,743 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth about $43,619,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Up 0.1 %

Shares of U.S. Bancorp stock traded up $0.06 during trading hours on Wednesday, reaching $50.46. 2,327,584 shares of the company's stock were exchanged, compared to its average volume of 8,327,520. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.04. U.S. Bancorp has a fifty-two week low of $36.49 and a fifty-two week high of $51.76. The company has a 50 day moving average of $47.21 and a two-hundred day moving average of $43.86. The stock has a market cap of $78.72 billion, a P/E ratio of 15.42, a P/E/G ratio of 2.94 and a beta of 1.02.

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

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.96%. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.49. U.S. Bancorp's dividend payout ratio is currently 61.16%.

U.S. Bancorp declared that its Board of Directors has authorized a share buyback 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 buy up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. DA Davidson lifted their price target on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Morgan Stanley raised U.S. Bancorp from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Wells Fargo & Company upped their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Finally, Oppenheimer raised their target price on shares of U.S. Bancorp from $59.00 to $64.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.22.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the completion of the transaction, the insider now owns 129,790 shares of the company's stock, valued at $6,363,603.70. This represents a 16.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

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.