Monte Financial Group LLC grew its holdings in U.S. Bancorp (NYSE:USB) by 5.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,767 shares of the financial services provider’s stock after acquiring an additional 3,328 shares during the quarter. U.S. Bancorp accounts for 2.8% of Monte Financial Group LLC’s portfolio, making the stock its 14th largest holding. Monte Financial Group LLC’s holdings in U.S. Bancorp were worth $3,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Daily Journal Corp lifted 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 purchasing an additional 13,860,000 shares during the period. Nuveen Asset Management LLC lifted 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 purchasing an additional 12,662,079 shares during the period. APG Asset Management N.V. lifted 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 purchasing an additional 2,046,900 shares during the period. Acadian Asset Management LLC lifted 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 purchasing an additional 1,172,955 shares during the period. Finally, CIBC Private Wealth Group LLC lifted 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 purchasing an additional 1,140,289 shares during the period. 75.48% of the stock is owned by institutional investors.

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

USB has been the subject of several research reports. UBS Group raised their target price on U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $55.00 to $53.00 in a research report on Monday, September 30th. Citigroup cut U.S. Bancorp from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $54.00 to $49.00 in a research report on Tuesday, October 8th. Wedbush raised their target price on U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Finally, Piper Jaffray Companies set a $59.00 target price on U.S. Bancorp and gave the stock a “buy” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.67.

U.S. Bancorp stock traded down $0.16 during mid-day trading on Tuesday, hitting $58.48. 2,956,148 shares of the company were exchanged, compared to its average volume of 5,739,747. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $55.69 and a 200 day moving average of $53.71. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $59.71. The company has a market capitalization of $92.82 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 4.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.42 per share. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, September 27th. U.S. Bancorp’s dividend payout ratio is currently 40.98%.

U.S. Bancorp 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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