Clarius Group LLC Has $500,000 Holdings in U.S. Bancorp (NYSE:USB)

Clarius Group LLC increased its position in shares of U.S. Bancorp (NYSE:USB) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,041 shares of the financial services provider’s stock after acquiring an additional 1,052 shares during the quarter. Clarius Group LLC’s holdings in U.S. Bancorp were worth $500,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Manchester Financial Inc. acquired a new position in U.S. Bancorp in the 2nd quarter valued at approximately $30,000. Lenox Wealth Advisors LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at approximately $33,000. Old North State Trust LLC increased its stake in U.S. Bancorp by 99.1% in the 3rd quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after buying an additional 332 shares during the period. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the 2nd quarter valued at approximately $37,000. Finally, Prime Capital Investment Advisors LLC increased its stake in U.S. Bancorp by 174.0% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 707 shares of the financial services provider’s stock valued at $37,000 after buying an additional 449 shares during the period. Institutional investors and hedge funds own 75.51% of the company’s stock.

In other news, Director David B. Omaley sold 10,133 shares of the stock in a transaction on 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 transaction, the director now owns 191,754 shares in the company, valued at approximately $10,692,203.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Shailesh M. Kotwal sold 20,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $57.33, for a total transaction of $1,146,600.00. Following the completion of the transaction, the insider now owns 65,959 shares of the company’s stock, valued at approximately $3,781,429.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,476 shares of company stock valued at $2,644,915. Corporate insiders own 0.24% of the company’s stock.

Several research analysts have weighed in on the stock. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $55.00 to $53.00 in a research note on Monday, September 30th. 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 note on Thursday, July 18th. JPMorgan Chase & Co. upgraded shares of U.S. Bancorp from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $52.50 to $57.00 in a research note on Wednesday, July 31st. UBS Group increased their price target on shares of U.S. Bancorp from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Credit Suisse Group restated a “hold” rating and set a $55.00 price target on shares of U.S. Bancorp in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average target price of $56.60.

U.S. Bancorp stock traded down $0.47 during mid-day trading on Thursday, reaching $56.11. The company had a trading volume of 53,983 shares, compared to its average volume of 5,239,663. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.86. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $57.81. The company has a 50 day moving average of $54.65 and a 200-day moving average of $53.04. The firm has a market cap of $89.27 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.18 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 3.9% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

U.S. Bancorp declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 27th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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 $0.42 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, September 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.99%. 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.

Further Reading: What is Call Option Volume?

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

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