J. Safra Sarasin Holding AG Invests $1.29 Million in U.S. Bancorp $USB

J. Safra Sarasin Holding AG bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,589 shares of the financial services provider’s stock, valued at approximately $1,285,000.

Several other hedge funds have also bought and sold shares of the stock. Marino Stram & Associates LLC bought a new position in shares of U.S. Bancorp in the third quarter worth about $204,000. Bank of Jackson Hole Trust raised its stake in U.S. Bancorp by 12.3% during the 3rd quarter. Bank of Jackson Hole Trust now owns 8,450 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 927 shares during the period. Compass Wealth Management LLC bought a new stake in U.S. Bancorp during the 3rd quarter worth approximately $1,933,000. Kornitzer Capital Management Inc. KS lifted its holdings in U.S. Bancorp by 7.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 61,083 shares of the financial services provider’s stock valued at $2,952,000 after purchasing an additional 4,484 shares in the last quarter. Finally, CFS Investment Advisory Services LLC boosted its position in shares of U.S. Bancorp by 2.9% in the third quarter. CFS Investment Advisory Services LLC now owns 19,302 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 545 shares during the period. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on USB shares. Evercore ISI set a $60.00 price objective on shares of U.S. Bancorp in a research report on Tuesday, January 6th. Argus increased their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group set a $52.00 price objective on U.S. Bancorp and gave the company a “neutral” rating in a research report on Friday, October 17th. Wells Fargo & Company increased their target price on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, Citigroup lifted their target price on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Stock Down 1.3%

USB opened at $55.79 on Thursday. The company has a market capitalization of $86.72 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. The firm has a 50-day simple moving average of $53.17 and a two-hundred day simple moving average of $49.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $56.70.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

U.S. Bancorp Company 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.