Collaborative Fund Advisors LLC Takes Position in U.S. Bancorp $USB

Collaborative Fund Advisors LLC bought a new stake in U.S. Bancorp (NYSE:USB) during the first quarter, Holdings Channel.com reports. The fund bought 8,686 shares of the financial services provider’s stock, valued at approximately $452,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USB. Brighton Jones LLC boosted its stake in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Empowered Funds LLC increased its position in shares of U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares in the last quarter. Intech Investment Management LLC increased its position in shares of U.S. Bancorp by 18.9% during the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $425,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at about $701,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. The trade was a 16.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. The trade was a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $61.67 on Monday. The stock has a market capitalization of $95.67 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. U.S. Bancorp has a 52-week low of $43.46 and a 52-week high of $62.38. The stock’s 50-day moving average price is $56.57 and its 200 day moving average price is $55.51. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio is 43.61%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a report on Thursday, April 30th. DA Davidson restated a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Finally, Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.57.

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.