LVM Capital Management Ltd. MI continued to hold its stake in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the financial services provider’s stock at the end of the 2nd quarter. LVM Capital Management Ltd. MI’s holdings in U.S. Bancorp were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BSW Wealth Partners grew its holdings in shares of U.S. Bancorp by 0.6% in the first quarter. BSW Wealth Partners now owns 3,973 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 23 shares during the period. Green Square Capital LLC grew its holdings in shares of U.S. Bancorp by 0.4% in the first quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 41 shares during the period. Smith Moore & CO. grew its holdings in shares of U.S. Bancorp by 0.4% in the first quarter. Smith Moore & CO. now owns 13,586 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 51 shares during the period. Sandy Spring Bank grew its holdings in shares of U.S. Bancorp by 0.7% in the first quarter. Sandy Spring Bank now owns 7,674 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 51 shares during the period. Finally, Dumont & Blake Investment Advisors LLC grew its holdings in shares of U.S. Bancorp by 0.3% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 23,528 shares of the financial services provider’s stock worth $1,212,000 after acquiring an additional 70 shares during the period. 73.97% of the stock is owned by institutional investors.

USB has been the subject of several research analyst reports. BidaskClub lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, July 19th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $53.33.

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Shares of U.S. Bancorp (NYSE:USB) traded up 0.21% during trading on Friday, hitting $53.59. The stock had a trading volume of 7,211,926 shares. The firm has a market cap of $89.64 billion, a P/E ratio of 16.19 and a beta of 0.87. U.S. Bancorp has a 12-month low of $42.17 and a 12-month high of $56.61. The firm has a 50 day moving average price of $52.00 and a 200 day moving average price of $52.08.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post $3.43 earnings per share for the current fiscal year.

U.S. Bancorp announced that its board has approved a share buyback plan on Wednesday, June 28th that allows the company to buyback $2.60 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. U.S. Bancorp’s dividend payout ratio (DPR) is 36.04%.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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