AustralianSuper Pty Ltd Has $11.96 Million Holdings in U.S. Bancorp $USB

AustralianSuper Pty Ltd grew its position in U.S. Bancorp (NYSE:USB) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,370 shares of the financial services provider’s stock after purchasing an additional 37,850 shares during the period. AustralianSuper Pty Ltd’s holdings in U.S. Bancorp were worth $11,963,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in shares of U.S. Bancorp by 19.1% during the 1st quarter. Joel Isaacson & Co. LLC now owns 6,698 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 1,074 shares in the last quarter. Citizens National Bank Trust Department boosted its stake in shares of U.S. Bancorp by 180.2% during the 1st quarter. Citizens National Bank Trust Department now owns 1,244 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 800 shares in the last quarter. Amalgamated Bank boosted its stake in shares of U.S. Bancorp by 1.2% during the 1st quarter. Amalgamated Bank now owns 302,637 shares of the financial services provider’s stock worth $12,777,000 after acquiring an additional 3,524 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of U.S. Bancorp by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 1,374,336 shares of the financial services provider’s stock worth $58,024,000 after acquiring an additional 4,550 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

Shares of USB stock opened at $47.82 on Tuesday. The stock has a 50 day moving average of $48.13 and a two-hundred day moving average of $45.29. 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 12 month low of $35.18 and a 12 month high of $53.98. The company has a market capitalization of $74.42 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.29 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 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the company earned $1.03 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently announced 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. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp’s dividend payout ratio is 47.60%.

Analyst Ratings Changes

Several analysts have recently issued reports on USB shares. Oppenheimer decreased their price target on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. UBS Group raised their target price on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $54.55.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was 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 owned 226,375 shares in the company, valued at $10,607,932.50. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $46.34, for a total value of $6,508,221.30. Following the transaction, the chairman owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This trade represents a 9.36% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

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.