Lantz Financial LLC Buys 2,179 Shares of U.S. Bancorp (NYSE:USB)

Lantz Financial LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 4.7% in the 2nd quarter, Holdings Channel reports. The firm owned 48,116 shares of the financial services provider’s stock after buying an additional 2,179 shares during the period. Lantz Financial LLC’s holdings in U.S. Bancorp were worth $1,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USB. Financial Synergies Wealth Advisors Inc. purchased a new stake in U.S. Bancorp during the first quarter valued at $30,000. LRI Investments LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter worth $31,000. Eagle Bay Advisors LLC raised its holdings in U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after buying an additional 331 shares during the period. Crewe Advisors LLC bought a new stake in shares of U.S. Bancorp in the 1st quarter worth about $39,000. Finally, Pineridge Advisors LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter worth approximately $41,000. Institutional investors own 77.60% of the company’s stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of $44.99 per share, for a total transaction of $449,900.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,900. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

U.S. Bancorp Stock Performance

USB opened at $45.03 on Wednesday. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $47.31. The stock has a market cap of $70.27 billion, a P/E ratio of 14.91, a P/E/G ratio of 4.34 and a beta of 1.03. The stock’s 50 day simple moving average is $43.63 and its 200 day simple moving average is $42.14. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the business earned $1.12 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s payout ratio is currently 64.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USB shares. Wells Fargo & Company increased their price target on U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Jefferies Financial Group lowered their price target on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. DA Davidson increased their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. The Goldman Sachs Group increased their price objective on U.S. Bancorp from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Finally, StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.23.

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.