Mesirow Financial Investment Management Inc. Has $1.05 Million Stock Holdings in U.S. Bancorp (NYSE:USB)

Mesirow Financial Investment Management Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 26.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,378 shares of the financial services provider’s stock after selling 9,294 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in U.S. Bancorp were worth $1,047,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in U.S. Bancorp by 4.0% in the fourth quarter. Gilbert & Cook Inc. now owns 15,483 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 593 shares during the period. Aveo Capital Partners LLC lifted its position in shares of U.S. Bancorp by 5.6% during the 4th quarter. Aveo Capital Partners LLC now owns 11,167 shares of the financial services provider’s stock worth $483,000 after buying an additional 592 shares during the period. TrinityPoint Wealth LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $308,000. Coldstream Capital Management Inc. grew its position in U.S. Bancorp by 8.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 57,715 shares of the financial services provider’s stock valued at $2,498,000 after acquiring an additional 4,649 shares during the period. Finally, Clearbridge Investments LLC raised its stake in U.S. Bancorp by 20.0% during the fourth quarter. Clearbridge Investments LLC now owns 5,974,323 shares of the financial services provider’s stock worth $258,569,000 after acquiring an additional 996,045 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. UBS Group lifted their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI boosted their target price on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Jefferies Financial Group dropped their price target on U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, Citigroup increased their price objective on shares of U.S. Bancorp from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.18.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Trading Up 0.2 %

Shares of NYSE USB opened at $44.69 on Tuesday. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $47.31. The stock has a market cap of $69.74 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 4.36 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average is $44.04 and its 200-day moving average is $42.23.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the business earned $1.12 EPS. U.S. Bancorp’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, September 30th. U.S. Bancorp’s payout ratio is 66.23%.

U.S. Bancorp Company 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.