4,426 Shares in U.S. Bancorp (NYSE:USB) Bought by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. bought a new position in U.S. Bancorp (NYSE:USB) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,426 shares of the financial services provider’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new position in shares of U.S. Bancorp in the 2nd quarter worth $25,000. LRI Investments LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth $31,000. Eagle Bay Advisors LLC lifted its holdings in shares of U.S. Bancorp by 93.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 331 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of U.S. Bancorp in the 2nd quarter worth $30,000. Finally, Y.D. More Investments Ltd bought a new position in shares of U.S. Bancorp in the 2nd quarter worth $33,000. 77.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction dated 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 completion of the transaction, the insider now owns 129,790 shares of the company’s stock, valued at $6,363,603.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Down 1.4 %

Shares of U.S. Bancorp stock opened at $47.19 on Tuesday. U.S. Bancorp has a 52-week low of $33.61 and a 52-week high of $50.47. The stock’s 50-day simple moving average is $46.26 and its 200 day simple moving average is $43.14. The stock has a market capitalization of $73.64 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.86 and a beta of 1.02. 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 quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the previous year, the business posted $1.05 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that U.S. Bancorp will post 3.92 EPS for the current year.

U.S. Bancorp declared that its board has authorized a share buyback plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s payout ratio is presently 61.16%.

Wall Street Analyst Weigh In

USB has been the topic of several recent analyst reports. UBS Group raised their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a research note on Thursday, October 17th. The Goldman Sachs Group dropped their price objective on U.S. Bancorp from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Citigroup raised their price objective on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Thirteen research 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 stock currently has a consensus rating of “Hold” and an average target price of $50.87.

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.