Whitnell & Co. Has $787,000 Holdings in U.S. Bancorp (NYSE:USB)

Whitnell & Co. lifted its holdings in U.S. Bancorp (NYSE:USB) by 152.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,223 shares of the financial services provider’s stock after acquiring an additional 8,595 shares during the quarter. Whitnell & Co.’s holdings in U.S. Bancorp were worth $787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in USB. Daily Journal Corp boosted its holdings in shares of U.S. Bancorp by 9,900.0% in the 2nd quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock worth $7,336,000 after acquiring an additional 13,860,000 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of U.S. Bancorp by 17,492.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock valued at $667,286,000 after buying an additional 12,662,079 shares in the last quarter. APG Asset Management N.V. increased its position in shares of U.S. Bancorp by 115.2% in the 2nd quarter. APG Asset Management N.V. now owns 3,824,226 shares of the financial services provider’s stock valued at $175,965,000 after buying an additional 2,046,900 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of U.S. Bancorp by 140.8% in the 2nd quarter. Acadian Asset Management LLC now owns 2,005,750 shares of the financial services provider’s stock valued at $105,104,000 after buying an additional 1,172,955 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of U.S. Bancorp by 40.2% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 3,974,817 shares of the financial services provider’s stock valued at $208,279,000 after buying an additional 1,140,289 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director David B. Omaley sold 10,133 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the sale, the director now directly owns 191,754 shares in the company, valued at approximately $10,692,203.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gillern Jeffry H. Von sold 5,357 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $56.67, for a total transaction of $303,581.19. Following the completion of the sale, the insider now owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of U.S. Bancorp from $55.00 to $56.00 and gave the company an “underweight” rating in a research report on Thursday, July 18th. Macquarie cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 target price for the company. in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on U.S. Bancorp from $55.50 to $58.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Deutsche Bank set a $59.00 target price on U.S. Bancorp and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Wedbush increased their target price on U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.67.

Shares of U.S. Bancorp stock traded down $0.20 during trading hours on Friday, reaching $58.90. 3,152,308 shares of the company’s stock were exchanged, compared to its average volume of 5,770,772. The company has a 50 day moving average of $55.56 and a two-hundred day moving average of $53.63. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $59.71. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $92.33 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.25 and a beta of 1.11.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.04. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The company had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the business posted $1.06 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts expect that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, September 27th. U.S. Bancorp’s dividend payout ratio is currently 40.98%.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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