130,109 Shares in U.S. Bancorp (NYSE:USB) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of U.S. Bancorp (NYSE:USB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 130,109 shares of the financial services provider’s stock, valued at approximately $5,950,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Redwood Wealth Management Group LLC purchased a new stake in U.S. Bancorp during the second quarter valued at $25,000. Frazier Financial Advisors LLC grew its stake in shares of U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 441 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $30,000. LRI Investments LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of U.S. Bancorp in the second quarter worth approximately $33,000. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USB has been the topic of several recent research reports. Oppenheimer increased their price target on shares of U.S. Bancorp from $59.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley raised U.S. Bancorp from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $54.00 to $57.00 in a report on Monday, September 30th. Evercore ISI boosted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.22.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were 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 in the company, valued at approximately $6,363,603.70. This represents a 16.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Down 0.4 %

USB opened at $50.41 on Wednesday. U.S. Bancorp has a 52 week low of $36.49 and a 52 week high of $51.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a 50-day simple moving average of $47.21 and a two-hundred day simple moving average of $43.86. The company has a market capitalization of $78.64 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.94 and a beta of 1.02.

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

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.50 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.97%. U.S. Bancorp’s dividend payout ratio is presently 61.16%.

U.S. Bancorp announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.