Yousif Capital Management LLC Has $9.71 Million Stock Holdings in U.S. Bancorp $USB

Yousif Capital Management LLC lowered its stake in U.S. Bancorp (NYSE:USB) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,954 shares of the financial services provider’s stock after selling 10,802 shares during the quarter. Yousif Capital Management LLC’s holdings in U.S. Bancorp were worth $9,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in U.S. Bancorp in the second quarter valued at approximately $25,000. Hillsdale Investment Management Inc. acquired a new stake in shares of U.S. Bancorp in the 2nd quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at approximately $26,000. Pineridge Advisors LLC grew its stake in shares of U.S. Bancorp by 446.2% in the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after buying an additional 522 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in U.S. Bancorp by 846.5% during the second quarter. Activest Wealth Management now owns 814 shares of the financial services provider’s stock worth $37,000 after buying an additional 728 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $54.48 on Wednesday. The company has a market capitalization of $84.69 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.03 and a beta of 1.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day simple moving average of $49.06 and a 200 day simple moving average of $47.57. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $55.13.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.60%.

Analysts Set New Price Targets

A number of brokerages have commented on USB. Citigroup increased their price target on shares of U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Cowen reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. Keefe, Bruyette & Woods lifted their price target on U.S. Bancorp from $53.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.95.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Andrew Cecere sold 140,445 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the sale, the chairman directly owned 1,360,414 shares of the company’s stock, valued at approximately $63,041,584.76. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.