Dearborn Partners LLC Invests $1.21 Million in U.S. Bancorp $USB

Dearborn Partners LLC bought a new position in shares of U.S. Bancorp (NYSE:USB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 19,953 shares of the financial services provider’s stock, valued at approximately $1,205,000.

Other institutional investors have also bought and sold shares of the company. Inceptionr LLC boosted its position in U.S. Bancorp by 424.4% in the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock valued at $1,473,000 after buying an additional 22,348 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in U.S. Bancorp by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock worth $539,232,000 after buying an additional 93,025 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $2,856,000. Principal Financial Group Inc. increased its holdings in shares of U.S. Bancorp by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider’s stock worth $94,425,000 after buying an additional 49,733 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in shares of U.S. Bancorp in the first quarter valued at approximately $4,768,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB stock opened at $62.44 on Friday. The firm has a market cap of $97.28 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.03 and a beta of 0.96. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $62.75 and a 200 day moving average price of $57.72.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same period in the prior year, the company posted $1.11 EPS. Research analysts expect that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on U.S. Bancorp from $63.00 to $66.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Tuesday, July 21st. CLSA set a $67.50 target price on U.S. Bancorp in a report on Monday, July 20th. Finally, Oppenheimer raised their target price on U.S. Bancorp from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.06.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of U.S. Bancorp stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Profile

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.