Stratos Wealth Partners LTD. grew its stake in U.S. Bancorp (NYSE:USB) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,067 shares of the financial services provider’s stock after buying an additional 1,526 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in U.S. Bancorp were worth $2,184,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in shares of U.S. Bancorp by 17.0% during the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 371 shares in the last quarter. Orrstown Financial Services Inc. raised its holdings in shares of U.S. Bancorp by 30.4% during the second quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 681 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in U.S. Bancorp in the 1st quarter valued at $155,000. Tradewinds Capital Management LLC lifted its position in U.S. Bancorp by 87.4% in the 1st quarter. Tradewinds Capital Management LLC now owns 3,663 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 1,708 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in U.S. Bancorp by 41.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,912 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 1,151 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.

Shares of U.S. Bancorp (NYSE:USB) opened at 53.59 on Monday. The firm’s 50-day moving average is $52.00 and its 200 day moving average is $52.08. U.S. Bancorp has a 52-week low of $42.37 and a 52-week high of $56.61. The company has a market capitalization of $89.64 billion, a price-to-earnings ratio of 16.19 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post $3.43 earnings per share for the current year.

U.S. Bancorp announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, September 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.04%.

A number of brokerages recently weighed in on USB. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 target price on shares of U.S. Bancorp in a research note on Friday, June 9th. BidaskClub upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, July 20th. Finally, Wells Fargo & Company assumed coverage on U.S. Bancorp in a report on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $53.33.

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U.S. Bancorp Profile

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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