CW Advisors LLC Increases Stock Position in U.S. Bancorp $USB

CW Advisors LLC increased its holdings in U.S. Bancorp (NYSE:USB) by 64.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,983 shares of the financial services provider’s stock after buying an additional 47,201 shares during the period. CW Advisors LLC’s holdings in U.S. Bancorp were worth $5,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of USB. Norges Bank purchased a new position in shares of U.S. Bancorp in the second quarter valued at $971,285,000. Davis Selected Advisers boosted its stake in U.S. Bancorp by 29.8% in the 2nd quarter. Davis Selected Advisers now owns 19,331,637 shares of the financial services provider’s stock worth $874,757,000 after purchasing an additional 4,442,623 shares during the period. Nuveen LLC purchased a new position in U.S. Bancorp during the 1st quarter valued at about $138,183,000. Arrowstreet Capital Limited Partnership increased its position in shares of U.S. Bancorp by 1,589.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after buying an additional 3,266,724 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of U.S. Bancorp by 1.4% in the second quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider’s stock worth $6,482,935,000 after buying an additional 2,038,996 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USB. Wells Fargo & Company boosted their price objective on shares of U.S. Bancorp from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. UBS Group boosted their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. 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 report on Monday, October 20th. Citigroup lifted their price objective on U.S. Bancorp from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Bank of America boosted their target price on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average target price of $54.45.

U.S. Bancorp Trading Down 0.3%

NYSE USB opened at $51.24 on Friday. 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 stock’s 50-day simple moving average is $47.60 and its two-hundred day simple moving average is $46.70. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $52.59. The company has a market capitalization of $79.65 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.97 and a beta of 1.10.

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, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The company’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. Research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, September 30th. U.S. Bancorp’s payout ratio is 47.60%.

Insider Buying and Selling

In other news, EVP James L. Chosy sold 26,909 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the sale, the executive vice president owned 226,375 shares of the company’s stock, valued at approximately $10,607,932.50. This represents a 10.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the chairman 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 SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

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.