Cullen Frost Bankers Inc. boosted its holdings in U.S. Bancorp (NYSE:USB) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,805 shares of the financial services provider’s stock after acquiring an additional 1,305 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in U.S. Bancorp were worth $1,484,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in USB. Daily Journal Corp raised its position in U.S. Bancorp by 9,900.0% in the second quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock worth $7,336,000 after acquiring an additional 13,860,000 shares in the last quarter. Nuveen Asset Management LLC raised its position in U.S. Bancorp by 17,492.7% in the second quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock worth $667,286,000 after acquiring an additional 12,662,079 shares in the last quarter. APG Asset Management N.V. raised its position in U.S. Bancorp by 115.2% in the second quarter. APG Asset Management N.V. now owns 3,824,226 shares of the financial services provider’s stock worth $175,965,000 after acquiring an additional 2,046,900 shares in the last quarter. Acadian Asset Management LLC raised its position in U.S. Bancorp by 140.8% in the second quarter. Acadian Asset Management LLC now owns 2,005,750 shares of the financial services provider’s stock worth $105,104,000 after acquiring an additional 1,172,955 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in U.S. Bancorp by 40.2% in the second quarter. CIBC Private Wealth Group LLC now owns 3,974,817 shares of the financial services provider’s stock worth $208,279,000 after acquiring an additional 1,140,289 shares in the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Several research firms have issued reports on USB. Morgan Stanley increased their price objective on U.S. Bancorp from $55.00 to $56.00 and gave the stock an “underweight” rating in a research report on Thursday, July 18th. Citigroup cut U.S. Bancorp from a “neutral” rating to a “sell” rating and dropped their price target for the company from $54.00 to $49.00 in a research report on Tuesday, October 8th. Piper Jaffray Companies set a $59.00 price target on U.S. Bancorp and gave the company a “buy” rating in a research report on Friday, September 13th. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $55.00 to $53.00 in a research report on Monday, September 30th. Finally, UBS Group raised their price target on U.S. Bancorp from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and a consensus price target of $56.67.

In other news, insider Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total value of $303,581.19. Following the transaction, the insider now directly owns 89,301 shares of the company’s stock, valued at approximately $5,060,687.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Omaley sold 10,133 shares of U.S. Bancorp stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the transaction, the director now directly owns 191,754 shares in the company, valued at $10,692,203.04. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

U.S. Bancorp stock traded down $0.23 during midday trading on Friday, reaching $58.88. 1,283,683 shares of the company were exchanged, compared to its average volume of 5,344,331. The company has a market capitalization of $92.33 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 2.25 and a beta of 1.11. The firm’s 50-day simple moving average is $55.51 and its 200-day simple moving average is $53.60. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $59.71. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.83.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. U.S. Bancorp had a return on equity of 15.39% and a net margin of 26.54%. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the company earned $1.06 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that U.S. Bancorp will post 4.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, September 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 40.98%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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