Strategic Value Bank Partners LLC Purchases Shares of 100,000 U.S. Bancorp $USB

Strategic Value Bank Partners LLC purchased a new stake in shares of U.S. Bancorp (NYSE:USB) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 100,000 shares of the financial services provider’s stock, valued at approximately $4,525,000. U.S. Bancorp makes up approximately 2.6% of Strategic Value Bank Partners LLC’s investment portfolio, making the stock its 14th biggest position.

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

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $47.10 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The business has a fifty day simple moving average of $47.98 and a 200 day simple moving average of $44.94. The firm has a market cap of $73.29 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.31 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the company earned $1.03 earnings per share. U.S. Bancorp’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

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

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Oppenheimer reduced their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a report on Friday. TD Cowen increased their target price on U.S. Bancorp from $59.00 to $60.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.48.

About U.S. Bancorp

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.