Mitchell Capital Management Co. Purchases New Position in U.S. Bancorp (NYSE:USB)

Mitchell Capital Management Co. purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,250 shares of the financial services provider’s stock, valued at approximately $470,000.

A number of other large investors have also made changes to their positions in USB. Mount Yale Investment Advisors LLC bought a new stake in shares of U.S. Bancorp in the 1st quarter worth approximately $231,000. Capital City Trust Co. FL boosted its position in shares of U.S. Bancorp by 7.2% in the 1st quarter. Capital City Trust Co. FL now owns 60,855 shares of the financial services provider’s stock worth $3,366,000 after purchasing an additional 4,071 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in shares of U.S. Bancorp by 29.2% in the 1st quarter. Avantax Planning Partners Inc. now owns 41,703 shares of the financial services provider’s stock worth $2,307,000 after purchasing an additional 9,416 shares in the last quarter. Middleton & Co Inc MA boosted its position in shares of U.S. Bancorp by 14.5% in the 1st quarter. Middleton & Co Inc MA now owns 11,263 shares of the financial services provider’s stock worth $668,000 after purchasing an additional 1,425 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of U.S. Bancorp in the 1st quarter worth approximately $20,455,000. Institutional investors own 73.80% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 29th. Credit Suisse Group boosted their target price on shares of U.S. Bancorp from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, August 25th. Odeon Capital Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 19th. Barclays upped their price objective on U.S. Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 16th. Finally, Compass Point upped their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 18th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $62.37.

U.S. Bancorp stock opened at $55.91 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.76 and a quick ratio of 0.74. U.S. Bancorp has a 1-year low of $34.17 and a 1-year high of $62.47. The firm has a market capitalization of $82.89 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. The company’s 50-day moving average is $56.53 and its 200 day moving average is $57.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.14. U.S. Bancorp had a net margin of 29.83% and a return on equity of 15.18%. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate that U.S. Bancorp will post 5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.46 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.29%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 54.90%.

U.S. Bancorp Profile

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.

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

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