ArrowMark Colorado Holdings LLC Increases Holdings in U.S. Bancorp $USB

ArrowMark Colorado Holdings LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 101.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,610 shares of the financial services provider’s stock after buying an additional 107,100 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in U.S. Bancorp were worth $10,275,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USB. Vanguard Group Inc. increased its position in U.S. Bancorp by 0.9% during the third quarter. Vanguard Group Inc. now owns 144,548,379 shares of the financial services provider’s stock worth $6,986,023,000 after purchasing an additional 1,279,104 shares during the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at approximately $971,285,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of U.S. Bancorp by 7.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 17,758,947 shares of the financial services provider’s stock valued at $858,290,000 after buying an additional 1,189,525 shares during the period. Invesco Ltd. increased its holdings in shares of U.S. Bancorp by 4.5% during the 3rd quarter. Invesco Ltd. now owns 16,320,086 shares of the financial services provider’s stock worth $788,750,000 after buying an additional 706,729 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of U.S. Bancorp by 16.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after buying an additional 1,631,550 shares during the period. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other news, insider Mark G. Runkel sold 32,195 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. HSBC reiterated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. TD Cowen lifted their target price on U.S. Bancorp from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Barclays upped their price target on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. UBS Group reiterated a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods raised their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $51.00 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. The business has a 50-day moving average of $55.86 and a 200 day moving average of $51.62. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

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.