iSAM Funds UK Ltd Buys New Shares in U.S. Bancorp $USB

iSAM Funds UK Ltd bought a new position in U.S. Bancorp (NYSE:USB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the financial services provider’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also bought and sold shares of USB. Archer Investment Corp purchased a new position in shares of U.S. Bancorp in the second quarter valued at about $29,000. Parvin Asset Management LLC purchased a new stake in shares of U.S. Bancorp during the second quarter worth about $30,000. Financial Life Planners bought a new stake in U.S. Bancorp during the 1st quarter valued at approximately $27,000. Main Street Group LTD bought a new stake in U.S. Bancorp during the 1st quarter valued at approximately $28,000. Finally, Rossby Financial LCC lifted its holdings in U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on USB shares. Keefe, Bruyette & Woods upped their price target on U.S. Bancorp from $63.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Stephens boosted their target price on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. UBS Group boosted their target price on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their target price on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, DA Davidson lifted their price target on shares of U.S. Bancorp from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.06.

Insider Buying and Selling

In related news, insider Stephen L. Philipson sold 36,906 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the transaction, the chief executive officer owned 426,262 shares in the company, valued at $26,585,960.94. This trade represents a 6.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $62.79 on Thursday. The company’s 50-day moving average price is $62.98 and its 200-day moving average price is $57.79. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market cap of $97.84 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter last year, the firm earned $1.11 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.