Commerzbank Aktiengesellschaft FI Takes Position in U.S. Bancorp $USB

Key Points

• Commerzbank Aktiengesellschaft FI acquired 173,676 shares of U.S. Bancorp in the second quarter, valued at approximately $10.49 million. Institutional investors and hedge funds collectively own 77.6% of the company.
• Analysts maintain a generally positive outlook, with U.S. Bancorp receiving a consensus “Moderate Buy” rating and an average price target of $67.06. Recent targets range from $66 to $69.
• U.S. Bancorp exceeded quarterly earnings expectations, reporting $1.35 in EPS versus the $1.28 consensus and $7.69 billion in revenue. The company also pays a quarterly dividend of $0.52 per share, representing a 3.2% annualized yield.

Commerzbank Aktiengesellschaft FI acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 173,676 shares of the financial services provider's stock, valued at approximately $10,490,000.

A number of other hedge funds have also modified their holdings of the stock. Financial Life Planners acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at $27,000. Main Street Group LTD acquired a new stake in U.S. Bancorp during the 1st quarter worth about $28,000. Rossby Financial LCC raised its holdings in U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider's stock worth $31,000 after buying an additional 212 shares during the period. NFSG Corp purchased a new stake in U.S. Bancorp during the first quarter valued at about $31,000. Finally, JPL Wealth Management LLC purchased a new stake in U.S. Bancorp during the third quarter valued at about $28,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the company's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total value of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares of the company's stock, valued at $4,729,044.52. This represents a 32.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USB. Stephens lifted their target price on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their price target on shares of U.S. Bancorp from $67.50 to $69.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of U.S. Bancorp from $61.00 to $68.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. UBS Group lifted their price objective on shares of U.S. Bancorp from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of U.S. Bancorp in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.06.

U.S. Bancorp Price Performance

Shares of USB opened at $64.81 on Tuesday. The business's 50-day moving average is $61.95 and its 200-day moving average is $57.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $100.98 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.07 and a beta of 0.96. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.58 billion. During the same period last year, the company posted $1.11 earnings per share. Equities research analysts expect that U.S. Bancorp will post 5.22 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. U.S. Bancorp's dividend payout ratio (DPR) is 41.52%.

U.S. Bancorp Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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