U.S. Bancorp $USB Stock Holdings Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in shares of U.S. Bancorp (NYSE:USB) by 26.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,249 shares of the financial services provider’s stock after buying an additional 35,544 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in U.S. Bancorp were worth $10,429,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of U.S. Bancorp by 323.0% in the 4th 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 during the last quarter. Empowered Funds LLC lifted its stake in 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 during the last quarter. Intech Investment Management LLC lifted its stake in 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 during the last quarter. Sivia Capital Partners LLC acquired a new position in U.S. Bancorp in the second quarter worth $425,000. Finally, Nebula Research & Development LLC acquired a new position in U.S. Bancorp in the second quarter worth $701,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB opened at $63.36 on Friday. U.S. Bancorp has a 12 month low of $45.02 and a 12 month high of $66.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a fifty day moving average price of $63.07 and a 200 day moving average price of $57.87. The company has a market cap of $98.72 billion, a P/E ratio of 12.65, a PEG ratio of 1.13 and a beta of 0.95.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The company had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the business posted $1.11 earnings per share. On average, research analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 41.52%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on USB shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $68.00 target price on shares of U.S. Bancorp in a research note on Monday, August 24th. Robert W. Baird raised their price target on shares of U.S. Bancorp from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. DA Davidson lifted their price target on shares of U.S. Bancorp from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday, July 17th. Jefferies Financial Group raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $75.00 in a research report on Monday, July 6th. Finally, UBS Group increased their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gunjan Kedia sold 27,267 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the transaction, the chief executive officer owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

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.