Teacher Retirement System of Texas Has $29.03 Million Stake in U.S. Bancorp $USB

Teacher Retirement System of Texas grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 24.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 600,686 shares of the financial services provider’s stock after purchasing an additional 116,994 shares during the period. Teacher Retirement System of Texas’ holdings in U.S. Bancorp were worth $29,031,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parcion Private Wealth LLC boosted its stake in shares of U.S. Bancorp by 0.4% in the third quarter. Parcion Private Wealth LLC now owns 53,412 shares of the financial services provider’s stock valued at $2,581,000 after buying an additional 218 shares during the period. Curbstone Financial Management Corp lifted its position in shares of U.S. Bancorp by 0.6% during the 2nd quarter. Curbstone Financial Management Corp now owns 39,982 shares of the financial services provider’s stock valued at $1,809,000 after acquiring an additional 222 shares during the period. Bogart Wealth LLC lifted its position in shares of U.S. Bancorp by 4.4% during the 3rd quarter. Bogart Wealth LLC now owns 5,507 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 234 shares during the period. Hoxton Planning & Management LLC grew its holdings in shares of U.S. Bancorp by 3.4% during the 3rd quarter. Hoxton Planning & Management LLC now owns 7,021 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 234 shares in the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of U.S. Bancorp by 0.5% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 43,289 shares of the financial services provider’s stock worth $2,092,000 after purchasing an additional 235 shares during the period. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on USB. Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday. Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. Keefe, Bruyette & Woods upped their target price on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, DA Davidson lifted their price target on U.S. Bancorp from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $55.50 on Friday. The firm has a market capitalization of $86.27 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.01 and a beta of 1.07. The company has a current ratio of 0.80, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $52.57 and its 200-day moving average price is $49.09. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $56.70.

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

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued 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 payout ratio is 45.02%.

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.