15,000 Shares in U.S. Bancorp $USB Acquired by Brave Warrior Advisors LLC

Brave Warrior Advisors LLC acquired a new stake in U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the financial services provider’s stock, valued at approximately $679,000. U.S. Bancorp comprises about 0.0% of Brave Warrior Advisors LLC’s portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new stake in U.S. Bancorp during the 2nd quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of U.S. Bancorp in the first quarter worth about $26,000. Hillsdale Investment Management Inc. acquired a new stake in U.S. Bancorp during the second quarter worth about $27,000. Pineridge Advisors LLC raised its position in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 522 shares in the last quarter. Finally, Activest Wealth Management raised its position in U.S. Bancorp by 846.5% during the second quarter. Activest Wealth Management now owns 814 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 728 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.3%

Shares of USB opened at $53.41 on Friday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a market capitalization of $83.02 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The stock has a fifty day simple moving average of $48.05 and a two-hundred day simple moving average of $47.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. U.S. Bancorp’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America raised their price objective on shares of U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $52.50 price objective for the company in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $52.00 target price on shares of U.S. Bancorp and gave the stock a “neutral” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen 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 data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $54.16.

Insiders Place Their Bets

In other news, Chairman Andrew Cecere sold 140,445 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total value of $6,508,221.30. Following the transaction, the chairman owned 1,360,414 shares of the company’s stock, valued at $63,041,584.76. This represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James L. Chosy sold 26,909 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $46.86, for a total value of $1,260,955.74. Following the sale, the executive vice president directly owned 226,375 shares of the company’s stock, valued at $10,607,932.50. The trade was a 10.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.