8,000 Shares in U.S. Bancorp $USB Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in shares of U.S. Bancorp (NYSE:USB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,000 shares of the financial services provider’s stock, valued at approximately $483,000.

Several other large investors have also recently made changes to their positions in USB. Continuum Advisory LLC increased its position in U.S. Bancorp by 4.8% during the 2nd quarter. Continuum Advisory LLC now owns 7,744 shares of the financial services provider’s stock valued at $468,000 after buying an additional 357 shares in the last quarter. Nykredit A S bought a new stake in U.S. Bancorp in the second quarter worth $23,655,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of U.S. Bancorp by 21.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 151,326 shares of the financial services provider’s stock worth $9,140,000 after acquiring an additional 27,009 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of U.S. Bancorp in the second quarter worth $1,827,000. Finally, Natural Investments LLC increased its holdings in shares of U.S. Bancorp by 17.1% during the second quarter. Natural Investments LLC now owns 16,679 shares of the financial services provider’s stock valued at $1,007,000 after acquiring an additional 2,435 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the transaction, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen L. Philipson sold 36,906 shares of U.S. Bancorp stock in a transaction on 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 transaction, the insider owned 74,969 shares in the company, valued at $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $62.79 on Thursday. The company has a 50-day moving average price of $62.98 and a 200-day moving average price of $57.79. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $97.84 billion, a P/E ratio of 12.53, a PEG ratio of 1.09 and a beta of 0.95.

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

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on USB shares. UBS Group lifted their price target on U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of U.S. Bancorp in a report on Friday, July 31st. DA Davidson upped their target price on shares of U.S. Bancorp from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Stephens increased their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Finally, Barclays raised their price target on shares of U.S. Bancorp from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.06.

U.S. Bancorp 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.