Czech National Bank Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Czech National Bank lifted its position in shares of U.S. Bancorp (NYSE:USB) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,360 shares of the financial services provider’s stock after buying an additional 23,402 shares during the period. Czech National Bank’s holdings in U.S. Bancorp were worth $11,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in U.S. Bancorp in the 4th quarter worth $439,000. Cerity Partners LLC raised its holdings in U.S. Bancorp by 34.8% in the fourth quarter. Cerity Partners LLC now owns 426,892 shares of the financial services provider’s stock worth $18,483,000 after buying an additional 110,246 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of U.S. Bancorp by 25.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 35,295 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 7,123 shares during the last quarter. Clarius Group LLC bought a new position in U.S. Bancorp during the fourth quarter valued at approximately $281,000. Finally, Friedenthal Financial bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $46,000. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on USB shares. DA Davidson raised their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their price target on U.S. Bancorp from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Finally, Jefferies Financial Group lowered their price target on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.23.

U.S. Bancorp Stock Down 0.2 %

Shares of NYSE:USB traded down $0.09 on Monday, reaching $41.98. The company had a trading volume of 3,324,233 shares, compared to its average volume of 8,520,116. The firm’s 50 day simple moving average is $41.27 and its 200-day simple moving average is $41.59. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.88. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $65.51 billion, a PE ratio of 13.93, a PEG ratio of 4.20 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, analysts expect that U.S. Bancorp will post 3.9 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.67%. U.S. Bancorp’s dividend payout ratio is presently 64.90%.

Insiders Place Their Bets

In other news, Director Aleem Gillani acquired 10,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $449,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

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.