Capital Investment Advisors LLC raised its position in shares of U.S. Bancorp (NYSE:USB) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the financial services provider’s stock after purchasing an additional 84 shares during the period. Capital Investment Advisors LLC’s holdings in U.S. Bancorp were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Hudock Capital Group LLC boosted its stake in U.S. Bancorp by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 16 shares during the period. BSW Wealth Partners boosted its stake in U.S. Bancorp by 0.6% during the 1st quarter. BSW Wealth Partners now owns 3,973 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 23 shares during the period. Green Square Capital LLC boosted its stake in U.S. Bancorp by 0.4% during the 1st quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 41 shares during the period. Smith Moore & CO. boosted its stake in U.S. Bancorp by 0.4% during the 1st quarter. Smith Moore & CO. now owns 13,586 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 51 shares during the period. Finally, Sandy Spring Bank boosted its stake in U.S. Bancorp by 0.7% during the 1st quarter. Sandy Spring Bank now owns 7,674 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 51 shares during the period. 73.97% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on USB. BidaskClub lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Wells Fargo & Company assumed coverage on shares of U.S. Bancorp in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price target for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 price target on shares of U.S. Bancorp in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.50.

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U.S. Bancorp (NYSE USB) traded up 0.11% on Wednesday, reaching $53.22. 1,773,501 shares of the company’s stock traded hands. U.S. Bancorp has a 52-week low of $42.17 and a 52-week high of $56.61. The firm has a market cap of $89.02 billion, a price-to-earnings ratio of 16.08 and a beta of 0.87. The stock’s 50 day moving average is $52.00 and its 200 day moving average is $52.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that U.S. Bancorp will post $3.44 EPS for the current fiscal year.

U.S. Bancorp announced that its board has initiated a share buyback plan on Wednesday, June 28th that allows the company to repurchase $2.60 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. U.S. Bancorp’s dividend payout ratio (DPR) is 33.63%.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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