Mount Yale Investment Advisors LLC Grows Position in U.S. Bancorp (NYSE:USB)

Mount Yale Investment Advisors LLC grew its stake in shares of U.S. Bancorp (NYSE:USB) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,601 shares of the financial services provider’s stock after purchasing an additional 1,592 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in U.S. Bancorp were worth $485,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of U.S. Bancorp during the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. bought a new position in shares of U.S. Bancorp during the second quarter valued at approximately $30,000. Eagle Bay Advisors LLC raised its holdings in shares of U.S. Bancorp by 93.2% during the first quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 331 shares in the last quarter. LRI Investments LLC bought a new position in shares of U.S. Bancorp during the first quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd bought a new position in shares of U.S. Bancorp during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on USB. DA Davidson upped their target price on U.S. Bancorp from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Jefferies Financial Group decreased their target price 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. Wells Fargo & Company upped their target price on U.S. Bancorp from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Barclays upped their target price on U.S. Bancorp from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada set a $53.00 price objective on U.S. Bancorp in a report on Thursday, October 17th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $50.72.

U.S. Bancorp Trading Down 1.5 %

U.S. Bancorp stock opened at $47.74 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a one year low of $30.47 and a one year high of $50.47. The stock has a market capitalization of $74.50 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.85 and a beta of 1.03. The business’s fifty day moving average is $45.81 and its 200 day moving average is $42.83.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period last year, the firm posted $1.05 earnings per share. U.S. Bancorp’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that U.S. Bancorp will post 3.9 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. U.S. Bancorp’s dividend payout ratio (DPR) is 66.23%.

U.S. Bancorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 12th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at U.S. Bancorp

In related news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction on Friday, October 18th. The stock was 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 of the company’s stock, valued at $6,363,603.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.

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.