Czech National Bank Purchases 18,501 Shares of U.S. Bancorp $USB

Czech National Bank increased its position in U.S. Bancorp (NYSE:USB) by 4.4% in the 2nd quarter, Holdings Channel reports. The firm owned 441,844 shares of the financial services provider’s stock after buying an additional 18,501 shares during the quarter. Czech National Bank’s holdings in U.S. Bancorp were worth $26,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. Financial Life Planners bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at approximately $27,000. Main Street Group LTD acquired a new stake in U.S. Bancorp in the 1st quarter valued at $28,000. Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% in the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 212 shares during the period. NFSG Corp bought a new stake in U.S. Bancorp in the first quarter valued at $31,000. Finally, JPL Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter worth $28,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $99.11 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.05 and a beta of 0.96. The business’s fifty day moving average is $60.73 and its two-hundred day moving average is $57.04. U.S. Bancorp has a 52 week low of $44.15 and a 52 week high of $65.02.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is currently 41.52%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on USB shares. Robert W. Baird boosted their target price on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of U.S. Bancorp in a research report on Friday, July 31st. Morgan Stanley lifted their price target on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.06.

Insider Buying and Selling

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the completion of the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Company Profile

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.