Jones Financial Companies Lllp Increases Stake in U.S. Bancorp $USB

Jones Financial Companies Lllp grew its holdings in U.S. Bancorp (NYSE:USB) by 15.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 358,972 shares of the financial services provider’s stock after acquiring an additional 47,537 shares during the period. Jones Financial Companies Lllp’s holdings in U.S. Bancorp were worth $17,738,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of USB. IMG Wealth Management Inc. purchased a new stake in U.S. Bancorp in the second quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 3rd quarter valued at approximately $26,000. Hillsdale Investment Management Inc. bought a new position in shares of U.S. Bancorp during the 2nd quarter valued at approximately $27,000. Pineridge Advisors LLC increased its holdings in U.S. Bancorp by 446.2% in the 2nd quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 522 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in U.S. Bancorp during the 3rd quarter worth approximately $31,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on USB. Argus upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Bank of America lifted their target price on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 17th. HSBC reaffirmed a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a report on Thursday, October 23rd. Finally, Morgan Stanley restated a “positive” rating on shares of U.S. Bancorp in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.19.

U.S. Bancorp Trading Up 2.5%

Shares of U.S. Bancorp stock opened at $58.78 on Wednesday. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $58.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $53.92 and a 200-day moving average price of $49.62. The firm has a market cap of $91.36 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.03 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 earnings per share. Equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 45.02%.

U.S. Bancorp 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.