U.S. Bancorp $USB is CSM Advisors LLC’s 8th Largest Position

CSM Advisors LLC raised its stake in shares of U.S. Bancorp (NYSE:USB) by 52.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,046,933 shares of the financial services provider’s stock after acquiring an additional 358,638 shares during the period. U.S. Bancorp makes up approximately 1.4% of CSM Advisors LLC’s holdings, making the stock its 8th biggest position. CSM Advisors LLC’s holdings in U.S. Bancorp were worth $50,598,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 0.9% during the third quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock valued at $6,986,023,000 after purchasing an additional 1,279,104 shares during the last quarter. Norges Bank bought a new stake in U.S. Bancorp in the 2nd quarter worth approximately $971,285,000. Grantham Mayo Van Otterloo & Co. LLC grew its position in U.S. Bancorp by 7.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock worth $858,290,000 after purchasing an additional 1,189,525 shares during the period. Invesco Ltd. increased its position in U.S. Bancorp by 4.5% during the third quarter. Invesco Ltd. now owns 16,320,086 shares of the financial services provider’s stock valued at $788,750,000 after acquiring an additional 706,729 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of U.S. Bancorp by 16.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after purchasing an additional 1,631,550 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the company’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. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

USB opened at $51.00 on Friday. The company has a 50 day simple moving average of $55.86 and a two-hundred day simple moving average of $51.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $79.17 billion, a P/E ratio of 11.04, a PEG ratio of 0.91 and a beta of 1.04. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $7.31 billion. During the same period last year, the firm earned $1.07 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 45.02%.

Wall Street Analyst Weigh In

USB has been the topic of a number of research reports. Wolfe Research downgraded shares of U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of U.S. Bancorp from $55.50 to $62.00 and gave the stock an “underweight” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods lifted their price target on shares of U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, January 21st. Finally, HSBC restated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

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.