Cahill Financial Advisors Inc. Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Cahill Financial Advisors Inc. grew its holdings in shares of U.S. Bancorp (NYSE:USB) by 37.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,616 shares of the financial services provider’s stock after buying an additional 5,092 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in U.S. Bancorp were worth $851,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USB. Quadrature Capital Ltd acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $1,353,000. Mount Yale Investment Advisors LLC raised its stake in U.S. Bancorp by 9.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 8,489 shares of the financial services provider’s stock valued at $379,000 after buying an additional 710 shares in the last quarter. SVB Wealth LLC lifted its holdings in U.S. Bancorp by 5.9% during the 1st quarter. SVB Wealth LLC now owns 11,221 shares of the financial services provider’s stock worth $502,000 after buying an additional 622 shares during the last quarter. Econ Financial Services Corp acquired a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $1,024,000. Finally, Black Maple Capital Management LP bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at approximately $6,192,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $52.49 on Friday. U.S. Bancorp has a 1 year low of $36.49 and a 1 year high of $52.69. The firm has a market cap of $81.89 billion, a P/E ratio of 16.05, a PEG ratio of 3.03 and a beta of 1.02. The stock has a fifty day moving average price of $47.63 and a two-hundred day moving average price of $44.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts forecast that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp declared that its board has approved a share repurchase program on Thursday, September 12th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.50 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Monday, September 30th. U.S. Bancorp’s payout ratio is presently 61.16%.

Insider Activity at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $49.03, for a total transaction of $1,225,750.00. Following the sale, the insider now directly owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 16.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USB. Barclays raised their price objective on U.S. Bancorp from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Oppenheimer lifted their price target on shares of U.S. Bancorp from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. DA Davidson boosted their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft lowered U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 target price for the company. in a report on Thursday, October 24th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.22.

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.