Leuthold Group LLC Purchases 9,094 Shares of U.S. Bancorp $USB

Leuthold Group LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 9.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 101,249 shares of the financial services provider’s stock after acquiring an additional 9,094 shares during the period. Leuthold Group LLC’s holdings in U.S. Bancorp were worth $5,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mufg Bank LTD. purchased a new position in U.S. Bancorp during the second quarter worth approximately $2,680,199,000. Bank of America Corp DE increased its stake in U.S. Bancorp by 6.9% during the first quarter. Bank of America Corp DE now owns 15,820,033 shares of the financial services provider’s stock worth $822,800,000 after acquiring an additional 1,022,898 shares during the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 93,025 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $536,457,000. Finally, First Trust Advisors LP lifted its position in U.S. Bancorp by 39.9% during the first quarter. First Trust Advisors LP now owns 8,118,845 shares of the financial services provider’s stock valued at $422,261,000 after buying an additional 2,314,081 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $61.02 on Tuesday. The company has a market cap of $95.06 billion, a P/E ratio of 11.89, a PEG ratio of 1.16 and a beta of 1.02. The business has a 50 day moving average of $59.62 and a two-hundred day moving average of $58.21. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

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

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.5%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, September 30th. U.S. Bancorp’s dividend payout ratio is presently 42.11%.

Analysts Set New Price Targets

Several research firms recently commented on USB. Weiss Ratings reissued a “buy (b)” rating on shares of U.S. Bancorp in a research report on Thursday, October 29th. Morgan Stanley set a $68.00 price objective on shares of U.S. Bancorp in a report on Friday, October 16th. Truist Financial cut their price objective on U.S. Bancorp from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. CLSA set a $67.50 target price on U.S. Bancorp in a report on Monday, July 20th. Finally, TD Cowen started coverage on shares of U.S. Bancorp in a report on Thursday, October 8th. They set a “buy” rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.65.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction dated Friday, August 28th. The shares were 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 $26,585,960.94. This trade represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp 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.

Headquartered in Minneapolis, Minnesota, U.S.