Intech Investment Management LLC Raises Stock Holdings in U.S. Bancorp $USB

Intech Investment Management LLC raised its stake in U.S. Bancorp (NYSE:USB) by 146.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,649 shares of the financial services provider’s stock after purchasing an additional 82,279 shares during the period. Intech Investment Management LLC’s holdings in U.S. Bancorp were worth $6,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares during the last quarter. Empowered Funds LLC increased its position in shares of U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $425,000. Transcend Capital Advisors LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $290,000. Finally, Assetmark Inc. boosted its position in shares of U.S. Bancorp by 56.5% in the 2nd quarter. Assetmark Inc. now owns 157,038 shares of the financial services provider’s stock worth $7,106,000 after purchasing an additional 56,695 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Mark G. Runkel sold 32,195 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total value of $1,952,626.75. Following the completion of the transaction, the insider owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. UBS Group restated a “neutral” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of U.S. Bancorp from $55.50 to $62.00 and gave the company an “underweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada boosted their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Oppenheimer raised their price target on shares of U.S. Bancorp from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.02.

U.S. Bancorp Stock Performance

USB opened at $54.57 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $61.19. The firm has a 50 day moving average of $56.17 and a two-hundred day moving average of $51.16. The firm has a market capitalization of $84.78 billion, a PE ratio of 11.81, a P/E/G ratio of 1.02 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping 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 firm had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 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.