1,813 Shares in U.S. Bancorp $USB Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,813 shares of the financial services provider’s stock, valued at approximately $82,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in U.S. Bancorp during the 1st quarter valued at about $138,183,000. Vanguard Group Inc. increased its stake in shares of U.S. Bancorp by 1.7% in the 1st 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 last quarter. American Century Companies Inc. increased its stake in shares of U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after acquiring an additional 1,493,318 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of U.S. Bancorp by 192.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,994,993 shares of the financial services provider’s stock valued at $90,752,000 after acquiring an additional 1,311,746 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after acquiring an additional 1,045,509 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE:USB opened at $48.31 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $48.10 and a 200 day simple moving average of $45.19. The stock has a market capitalization of $75.17 billion, a PE ratio of 11.05, a P/E/G ratio of 1.29 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same period last year, the business earned $1.03 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts expect 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 Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.52 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of the transaction, the executive vice president directly owned 226,375 shares of the company’s stock, valued at $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman directly owned 1,360,414 shares of the company’s stock, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on USB. Citigroup increased their target price on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Bank of America increased their target price on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. UBS Group increased their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Cowen reissued a “buy” rating on shares of U.S. Bancorp in a research note on Monday, October 20th. Finally, Evercore ISI increased their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.55.

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.