U.S. Bancorp $USB Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its position in U.S. Bancorp (NYSE:USB) by 58.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 928,888 shares of the financial services provider’s stock after purchasing an additional 341,887 shares during the quarter. Candriam S.C.A.’s holdings in U.S. Bancorp were worth $44,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guerra Advisors Inc purchased a new position in shares of U.S. Bancorp in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $26,000. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $25,000. Hillsdale Investment Management Inc. purchased a new position in U.S. Bancorp during the second quarter worth approximately $27,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in U.S. Bancorp during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on USB shares. Wells Fargo & Company raised their target price on U.S. Bancorp from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Argus raised their price objective 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. Barclays lifted their target price on shares of U.S. Bancorp from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of U.S. Bancorp from $58.00 to $59.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.90.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $60.74 on Monday. The company’s 50 day simple moving average is $54.57 and its 200-day simple moving average is $49.91. The company has a market capitalization of $94.42 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $60.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

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

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.4%. 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.