Harel Insurance Investments & Financial Services Ltd. Has $255,000 Stake in U.S. Bancorp (NYSE:USB)

Harel Insurance Investments & Financial Services Ltd. boosted its position in U.S. Bancorp (NYSE:USB) by 187.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,600 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in U.S. Bancorp were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of U.S. Bancorp by 0.8% in the 2nd quarter. Northern Trust Corp now owns 20,491,980 shares of the financial services provider’s stock worth $1,073,779,000 after acquiring an additional 171,826 shares during the last quarter. Daily Journal Corp raised 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 during the last quarter. Janus Henderson Group PLC raised its holdings in shares of U.S. Bancorp by 2.4% in the 2nd quarter. Janus Henderson Group PLC now owns 13,382,530 shares of the financial services provider’s stock worth $701,230,000 after acquiring an additional 310,818 shares during the last quarter. Nuveen Asset Management LLC raised its holdings 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 worth $667,286,000 after acquiring an additional 12,662,079 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of U.S. Bancorp by 4.2% in the 2nd quarter. Fiera Capital Corp now owns 9,521,304 shares of the financial services provider’s stock worth $498,916,000 after acquiring an additional 387,833 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

In other news, Director David B. Omaley sold 10,133 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $55.76, for a total transaction of $565,016.08. Following the completion of the transaction, the director now directly owns 191,754 shares of the company’s stock, valued at approximately $10,692,203.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gillern Jeffry H. Von sold 5,357 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $56.67, for a total transaction of $303,581.19. Following the transaction, the insider now directly owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

USB has been the topic of a number of analyst reports. UBS Group upped their target price on shares of U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Citigroup lowered shares of U.S. Bancorp from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $54.00 to $49.00 in a report on Tuesday, October 8th. Credit Suisse Group restated a “hold” rating and issued a $55.00 target price on shares of U.S. Bancorp in a report on Thursday, September 12th. Deutsche Bank set a $59.00 target price on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Wedbush upped their target price on shares of 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 assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $56.67.

USB stock traded up $0.14 during trading on Wednesday, reaching $58.62. The stock had a trading volume of 2,797,224 shares, compared to its average volume of 5,739,747. U.S. Bancorp has a one year low of $43.14 and a one year high of $59.71. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $55.76 and its two-hundred day moving average is $53.75. The company has a market capitalization of $92.82 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.27 and a beta of 1.11.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, beating 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 firm 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 firm earned $1.06 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts predict that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.42 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, September 27th. U.S. Bancorp’s dividend payout ratio is currently 40.98%.

U.S. Bancorp Company Profile

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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