M Holdings Securities Inc. Makes New Investment in U.S. Bancorp $USB

M Holdings Securities Inc. bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,818 shares of the financial services provider’s stock, valued at approximately $804,000.

Several other institutional investors and hedge funds have also bought and sold shares of USB. Mufg Bank LTD. purchased a new position in U.S. Bancorp in the second quarter worth $2,680,199,000. Bank of New York Mellon Corp bought a new position in U.S. Bancorp in the 2nd quarter valued at $536,457,000. First Trust Advisors LP grew its stake in U.S. Bancorp by 39.9% in the 1st quarter. First Trust Advisors LP now owns 8,118,845 shares of the financial services provider’s stock valued at $422,261,000 after purchasing an additional 2,314,081 shares during the period. KBC Group NV grew its stake in U.S. Bancorp by 259.0% in the 1st quarter. KBC Group NV now owns 1,888,428 shares of the financial services provider’s stock valued at $98,217,000 after purchasing an additional 1,362,416 shares during the period. Finally, Amundi increased its position in shares of U.S. Bancorp by 25.2% during the 1st quarter. Amundi now owns 6,470,642 shares of the financial services provider’s stock valued at $336,538,000 after purchasing an additional 1,301,547 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on USB. Wolfe Research assumed coverage on U.S. Bancorp in a research note on Tuesday, October 27th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price target on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. increased their price target on shares of U.S. Bancorp from $65.00 to $65.50 and gave the company a “neutral” rating in a research report on Friday, October 30th. Wells Fargo & Company raised their price objective on shares of U.S. Bancorp from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, Raymond James Financial lowered their price objective on shares of U.S. Bancorp from $74.00 to $72.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.65.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $60.72 on Wednesday. The stock has a fifty day simple moving average of $59.60 and a two-hundred day simple moving average of $58.23. U.S. Bancorp has a 1-year low of $45.02 and a 1-year high of $66.07. The firm has a market cap of $94.61 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. The firm had revenue of $8.04 billion for the quarter, compared to analyst estimates of $8 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 18.85%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Analysts anticipate that U.S. Bancorp will post 5.30 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.54 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.16 annualized dividend and a yield of 3.6%. U.S. Bancorp’s payout ratio is 42.11%.

Insiders Place Their Bets

In related news, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the sale, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. The trade was a 6.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp is the parent company of U.S. Bank, a financial services provider serving consumers, businesses, institutions and government entities across the United States. Its history traces to 1863, when one of its predecessor institutions, First National Bank of Cincinnati, was established. U.S. Bank offers consumer and business banking, lending, payment services, wealth management, investment services and corporate trust services. Its products include checking and savings accounts, credit cards, mortgages, commercial loans and digital banking solutions.