Milestones Private Investment Advisors LLC Buys Shares of 14,189 U.S. Bancorp $USB
by Teresa Graham · The Cerbat GemMilestones Private Investment Advisors LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,189 shares of the financial services provider’s stock, valued at approximately $642,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Andra AP fonden increased its position in shares of U.S. Bancorp by 175.6% during the 2nd quarter. Andra AP fonden now owns 458,400 shares of the financial services provider’s stock worth $20,743,000 after purchasing an additional 292,100 shares in the last quarter. Ally Financial Inc. raised its position in U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider’s stock valued at $3,842,000 after purchasing an additional 10,000 shares during the last quarter. Jump Financial LLC boosted its stake in U.S. Bancorp by 1,952.5% in the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider’s stock worth $35,478,000 after purchasing an additional 799,368 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of U.S. Bancorp during the first quarter worth $428,000. Finally, Orion Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the first quarter valued at $616,000. Institutional investors and hedge funds own 77.60% of the company’s stock.
U.S. Bancorp Trading Down 0.3%
Shares of NYSE USB opened at $53.41 on Monday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The stock has a market cap of $83.02 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average is $48.05 and its 200-day moving average is $47.07.
U.S. Bancorp (NYSE:USB – Get Free Report) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.
U.S. Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 47.60%.
Insider Activity
In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 226,375 shares in the company, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the completion of the transaction, the chairman directly owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. The trade was a 9.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. TD Cowen upped their price target on shares of U.S. Bancorp from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Cowen restated a “buy” rating on shares of U.S. Bancorp in a research report on Monday, October 20th. Oppenheimer cut their price target on U.S. Bancorp from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. DA Davidson raised their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Citigroup upped their target price on shares of U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.16.
Check Out Our Latest Research Report on USB
U.S. Bancorp Company 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.
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