DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $12.60 Million Stake in U.S. Bancorp (NYSE:USB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of U.S. Bancorp (NYSE:USBGet Rating) by 65.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 273,714 shares of the financial services provider’s stock after buying an additional 108,517 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in U.S. Bancorp were worth $12,596,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Childress Capital Advisors LLC acquired a new position in U.S. Bancorp during the second quarter worth $207,000. DCM Advisors LLC increased its position in U.S. Bancorp by 6.3% during the second quarter. DCM Advisors LLC now owns 20,608 shares of the financial services provider’s stock worth $948,000 after buying an additional 1,220 shares during the last quarter. Tradewinds LLC. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at about $359,000. Prana Capital Management LP grew its position in shares of U.S. Bancorp by 6.0% in the second quarter. Prana Capital Management LP now owns 819,606 shares of the financial services provider’s stock valued at $37,718,000 after purchasing an additional 46,614 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of U.S. Bancorp by 2.8% in the second quarter. Voya Investment Management LLC now owns 1,102,115 shares of the financial services provider’s stock valued at $50,720,000 after purchasing an additional 29,813 shares during the last quarter. 74.93% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of USB opened at $43.56 on Friday. The stock has a market cap of $64.72 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.53 and a beta of 0.97. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.78. U.S. Bancorp has a 12 month low of $38.39 and a 12 month high of $63.57. The company has a 50-day moving average price of $42.70 and a two-hundred day moving average price of $45.63.

U.S. Bancorp (NYSE:USBGet Rating) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.20 billion. U.S. Bancorp had a net margin of 26.01% and a return on equity of 15.25%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 earnings per share. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a $0.48 dividend. The ex-dividend date was Thursday, September 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.41%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.46. U.S. Bancorp’s payout ratio is 45.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on USB shares. JPMorgan Chase & Co. raised their price target on U.S. Bancorp from $46.00 to $47.00 in a research report on Wednesday, November 2nd. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 1st. Morgan Stanley lowered their price target on U.S. Bancorp from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Citigroup raised their price target on U.S. Bancorp to $50.00 in a research report on Friday, December 2nd. Finally, StockNews.com initiated coverage on U.S. Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and a consensus price target of $54.47.

Insider Activity

In other news, insider Gillern Jeffry H. Von sold 27,183 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $43.99, for a total value of $1,195,780.17. Following the completion of the transaction, the insider now owns 128,204 shares in the company, valued at $5,639,693.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Terrance R. Dolan sold 15,000 shares of U.S. Bancorp stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $43.34, for a total value of $650,100.00. Following the completion of the transaction, the chief financial officer now owns 138,051 shares in the company, valued at $5,983,130.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gillern Jeffry H. Von sold 27,183 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $43.99, for a total transaction of $1,195,780.17. Following the completion of the sale, the insider now directly owns 128,204 shares of the company’s stock, valued at approximately $5,639,693.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,301 shares of company stock worth $2,368,658. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

(Get Rating)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.

See Also

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

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