U.S. Bancorp (NYSE:USB) Holdings Raised by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,128 shares of the financial services provider's stock after acquiring an additional 18,088 shares during the period. EP Wealth Advisors LLC's holdings in U.S. Bancorp were worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC lifted its position in U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after buying an additional 441 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in U.S. Bancorp in the second quarter valued at about $30,000. Y.D. More Investments Ltd acquired a new stake in shares of U.S. Bancorp during the second quarter worth about $33,000. Finally, Northwest Bank & Trust Co lifted its position in shares of U.S. Bancorp by 87.4% during the third quarter. Northwest Bank & Trust Co now owns 937 shares of the financial services provider's stock worth $43,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on USB shares. The Goldman Sachs Group dropped their price target on shares of U.S. Bancorp from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 11th. 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 report on Thursday, October 17th. Morgan Stanley raised U.S. Bancorp from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $54.00 to $57.00 in a report on Monday, September 30th. Oppenheimer lifted their price target on U.S. Bancorp from $59.00 to $64.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Hold" and an average target price of $52.72.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the company's stock in a transaction on Friday, October 18th. The shares were 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 owns 129,790 shares in the company, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 1.6 %

Shares of U.S. Bancorp stock traded down $0.84 during trading on Monday, reaching $51.34. 5,414,935 shares of the stock were exchanged, compared to its average volume of 8,241,227. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a market cap of $80.08 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03. The stock's fifty day moving average is $49.24 and its 200 day moving average is $44.95. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its 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. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the previous year, the firm posted $1.05 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts expect that U.S. Bancorp will post 3.93 earnings per share 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. Stockholders of record on Monday, September 30th were given a $0.50 dividend. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.90%. U.S. Bancorp's dividend payout ratio (DPR) is 61.16%.

U.S. Bancorp declared that its board has approved a stock buyback plan on Thursday, September 12th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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.