IFM Investors Pty Ltd Increases Stock Holdings in U.S. Bancorp (NYSE:USB)

IFM Investors Pty Ltd grew its position in U.S. Bancorp (NYSE:USBGet Rating) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,019 shares of the financial services provider’s stock after buying an additional 16,199 shares during the quarter. IFM Investors Pty Ltd’s holdings in U.S. Bancorp were worth $10,862,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in USB. Delos Wealth Advisors LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter valued at $29,000. Advocacy Wealth Management Services LLC boosted its stake in U.S. Bancorp by 72.3% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 572 shares of the financial services provider’s stock worth $30,000 after buying an additional 240 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of U.S. Bancorp by 45.6% in the 1st quarter. Westside Investment Management Inc. now owns 648 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 203 shares during the period. Exane Derivatives purchased a new position in shares of U.S. Bancorp in the 1st quarter worth about $41,000. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter worth about $44,000. Institutional investors and hedge funds own 74.93% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $43.03 on Friday. U.S. Bancorp has a twelve month low of $43.00 and a twelve month high of $63.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.74 and a current ratio of 0.75. The stock has a market capitalization of $63.93 billion, a PE ratio of 9.89, a P/E/G ratio of 1.52 and a beta of 0.97. The stock has a 50-day simple moving average of $46.91 and a 200 day simple moving average of $49.37.

U.S. Bancorp (NYSE:USBGet Rating) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.89 billion. U.S. Bancorp had a return on equity of 15.05% and a net margin of 28.08%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. Research analysts anticipate that U.S. Bancorp will post 4.45 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.48 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.92 annualized dividend and a yield of 4.46%. U.S. Bancorp’s dividend payout ratio is 42.30%.

Wall Street Analyst Weigh In

Several brokerages recently commented on USB. Wells Fargo & Company dropped their target price on U.S. Bancorp from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Morgan Stanley lifted their price objective on U.S. Bancorp from $54.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, July 18th. Jefferies Financial Group dropped their price objective on U.S. Bancorp from $52.00 to $45.00 in a report on Monday, July 11th. Credit Suisse Group decreased their target price on U.S. Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, July 19th. Finally, Oppenheimer set a $68.00 target price on U.S. Bancorp in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.56.

About U.S. Bancorp

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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 in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

Further Reading

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

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