CreativeOne Wealth LLC Acquires 8,314 Shares of U.S. Bancorp $USB

CreativeOne Wealth LLC boosted its holdings in U.S. Bancorp (NYSE:USB) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,382 shares of the financial services provider’s stock after purchasing an additional 8,314 shares during the period. CreativeOne Wealth LLC’s holdings in U.S. Bancorp were worth $2,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of U.S. Bancorp by 323.0% during 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 during the last quarter. Assetmark Inc. boosted its position in shares of U.S. Bancorp by 10.5% in the 1st quarter. Assetmark Inc. now owns 100,343 shares of the financial services provider’s stock worth $4,236,000 after purchasing an additional 9,497 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in U.S. Bancorp by 53.8% in the first quarter. Mediolanum International Funds Ltd now owns 50,092 shares of the financial services provider’s stock worth $2,117,000 after acquiring an additional 17,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in U.S. Bancorp by 10.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 673,271 shares of the financial services provider’s stock worth $28,426,000 after purchasing an additional 65,919 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in shares of U.S. Bancorp by 5.6% in the first quarter. TCW Group Inc. now owns 23,051 shares of the financial services provider’s stock worth $973,000 after buying an additional 1,228 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE USB opened at $48.92 on Wednesday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a market cap of $76.04 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50 day moving average price is $47.54 and its 200-day moving average price is $46.42.

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

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.52 dividend. The ex-dividend date was Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. U.S. Bancorp’s payout ratio is 47.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Cowen reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Monday, October 20th. Bank of America boosted their price objective on shares of U.S. Bancorp from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a research note on Friday, October 17th. Finally, DA Davidson increased their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.45.

Insider Activity

In other U.S. Bancorp news, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Andrew Cecere sold 140,445 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction of $6,508,221.30. Following the transaction, the chairman directly owned 1,360,414 shares in the company, valued at $63,041,584.76. This trade represents a 9.36% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

About U.S. Bancorp

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.