Stratos Wealth Advisors LLC Has $702,000 Stake in U.S. Bancorp $USB

Stratos Wealth Advisors LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,503 shares of the financial services provider’s stock after buying an additional 723 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 1.7% during the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares during the period. Amundi lifted its stake in shares of U.S. Bancorp by 2.2% in the first quarter. Amundi now owns 19,907,665 shares of the financial services provider’s stock valued at $773,268,000 after buying an additional 422,050 shares during the period. Davis Selected Advisers lifted its stake in shares of U.S. Bancorp by 3.6% in the first quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider’s stock valued at $628,614,000 after buying an additional 513,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in U.S. Bancorp by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,679,104 shares of the financial services provider’s stock worth $535,312,000 after purchasing an additional 104,185 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in U.S. Bancorp by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock worth $464,953,000 after purchasing an additional 1,045,509 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 0.0%

Shares of NYSE USB opened at $45.66 on Monday. The stock has a market capitalization of $71.06 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.31 and a beta of 1.06. The company has a 50-day moving average price of $47.93 and a 200-day moving average price of $44.86. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.82 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. U.S. Bancorp’s payout ratio is 47.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on USB. UBS Group raised their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Bank of America boosted their price target on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday. Citigroup upped their price target on shares of U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $54.48.

U.S. Bancorp Profile

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.