Advantage Trust Co Increases Stake in U.S. Bancorp $USB

Advantage Trust Co raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 1,766.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,600 shares of the financial services provider’s stock after buying an additional 5,300 shares during the period. Advantage Trust Co’s holdings in U.S. Bancorp were worth $253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. GAMMA Investing LLC boosted its position in shares of U.S. Bancorp by 0.9% in the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock worth $1,548,000 after purchasing an additional 333 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of U.S. Bancorp by 8.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 217,657 shares of the financial services provider’s stock worth $9,189,000 after purchasing an additional 17,630 shares during the period. Continuum Advisory LLC boosted its position in shares of U.S. Bancorp by 9.0% in the first quarter. Continuum Advisory LLC now owns 8,171 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 677 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of U.S. Bancorp by 75.4% in the first quarter. Oppenheimer & Co. Inc. now owns 227,832 shares of the financial services provider’s stock worth $9,619,000 after purchasing an additional 97,957 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USB has been the subject of a number of recent analyst reports. 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. Cowen reiterated a “buy” rating on shares of U.S. Bancorp in a research report on Monday. Citigroup upped their price target on shares of U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research report on Friday. Finally, The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.48.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $47.10 on Tuesday. The company has a market cap of $73.29 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.31 and a beta of 1.06. The firm’s fifty day moving average is $47.98 and its 200 day moving average is $44.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results 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 company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. U.S. Bancorp’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. U.S. Bancorp’s payout ratio is currently 47.60%.

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.