Chartwell Investment Partners LLC Has $4.15 Million Stake in U.S. Bancorp (NYSE:USB)

Chartwell Investment Partners LLC raised its holdings in U.S. Bancorp (NYSE:USB) by 47.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,785 shares of the financial services provider’s stock after purchasing an additional 36,283 shares during the period. Chartwell Investment Partners LLC’s holdings in U.S. Bancorp were worth $4,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in USB. Magellan Asset Management Ltd acquired a new position in U.S. Bancorp in the 1st quarter valued at $27,000. Costello Asset Management INC bought a new stake in U.S. Bancorp during the second quarter worth about $37,000. Bellevue Asset Management LLC lifted its position in U.S. Bancorp by 68.6% during the first quarter. Bellevue Asset Management LLC now owns 1,079 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 439 shares during the period. Marquette Asset Management LLC grew its stake in U.S. Bancorp by 94.9% during the first quarter. Marquette Asset Management LLC now owns 1,232 shares of the financial services provider’s stock worth $42,000 after buying an additional 600 shares in the last quarter. Finally, Red Door Wealth Management LLC bought a new position in U.S. Bancorp in the 1st quarter valued at about $61,000. 73.54% of the stock is currently owned by institutional investors.

NYSE:USB opened at $36.84 on Friday. The company has a market capitalization of $55.49 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.42 and a beta of 1.16. The business has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $40.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.84 and a quick ratio of 0.82. U.S. Bancorp has a 1 year low of $28.36 and a 1 year high of $61.11.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.54 billion. U.S. Bancorp had a return on equity of 11.82% and a net margin of 19.70%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, analysts anticipate that U.S. Bancorp will post 2.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.42 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.56%. U.S. Bancorp’s payout ratio is 38.71%.

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of U.S. Bancorp from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Thursday, June 11th. UBS Group reduced their target price on U.S. Bancorp from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Wells Fargo & Co boosted their price target on U.S. Bancorp from $40.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Deutsche Bank upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, July 28th. Finally, Oppenheimer increased their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.31.

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.

See Also: Equal Weight Rating

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

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