Roman Butler Fullerton & Co. Buys New Position in U.S. Bancorp (NYSE:USB)

Roman Butler Fullerton & Co. bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,426 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Redwood Wealth Management Group LLC bought a new position in shares of U.S. Bancorp during the second quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of U.S. Bancorp during the first quarter valued at approximately $31,000. Eagle Bay Advisors LLC raised its holdings in shares of U.S. Bancorp by 93.2% during the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 331 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of U.S. Bancorp during the second quarter valued at approximately $30,000. Finally, Y.D. More Investments Ltd purchased a new stake in U.S. Bancorp in the second quarter worth $33,000. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now owns 129,790 shares of the company’s stock, valued at approximately $6,363,603.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Trading Down 1.4 %

U.S. Bancorp stock opened at $47.19 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a one year low of $33.61 and a one year high of $50.47. The stock has a market capitalization of $73.64 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.86 and a beta of 1.02. The business’s fifty day moving average is $46.26 and its 200 day moving average is $43.14.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the firm posted $1.05 earnings per share. U.S. Bancorp’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 3.92 EPS for the current year.

U.S. Bancorp declared that its board has authorized a share repurchase plan on Thursday, September 12th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.50 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. U.S. Bancorp’s dividend payout ratio is currently 61.16%.

Analyst Upgrades and Downgrades

USB has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. UBS Group upped their price target on U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI upped their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays upped their price target on U.S. Bancorp from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $54.00 to $57.00 in a research note on Monday, September 30th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.87.

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.