U.S. Bancorp $USB Stock Position Lifted by Leuthold Group LLC

Leuthold Group LLC increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,249 shares of the financial services provider’s stock after buying 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 large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in U.S. Bancorp by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after purchasing an additional 93,025 shares during the period. Mufg Bank LTD. acquired a new position in U.S. Bancorp during the 2nd quarter worth $2,680,199,000. Illinois Municipal Retirement Fund grew its stake in U.S. Bancorp by 57.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock worth $4,798,000 after purchasing an additional 33,517 shares in the last quarter. First Bank & Trust increased its holdings in U.S. Bancorp by 43.0% during the 3rd quarter. First Bank & Trust now owns 133,794 shares of the financial services provider’s stock worth $7,728,000 after purchasing an additional 40,208 shares during the period. Finally, Cardinal Capital Management Inc. increased its holdings in U.S. Bancorp by 5.4% during the 2nd quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock worth $19,725,000 after purchasing an additional 16,814 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 2.6%

Shares of NYSE:USB opened at $61.02 on Tuesday. The company has a market cap of $95.06 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.16 and a beta of 1.02. The firm’s 50-day simple moving average is $59.62 and its 200-day simple moving average is $58.21. 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 has a fifty-two week low of $45.02 and a fifty-two week high of $66.07.

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

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. U.S. Bancorp’s payout ratio is presently 42.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on USB shares. CLSA set a $67.50 price target on U.S. Bancorp in a research report on Monday, July 20th. Barclays increased their price objective on U.S. Bancorp from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Royal Bank Of Canada lowered their target price on U.S. Bancorp from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Oppenheimer lifted their target price on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of U.S. Bancorp in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $68.65.

Insider Activity at U.S. Bancorp

In other news, CEO Gunjan Kedia sold 27,267 shares of U.S. Bancorp stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the sale, the chief executive officer directly owned 426,262 shares in the company, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is owned by company insiders.

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.

Headquartered in Minneapolis, Minnesota, U.S.