Czech National Bank Has $26.69 Million Position in U.S. Bancorp $USB

Key Points

• Czech National Bank increased its U.S. Bancorp stake by 4.4% in the second quarter, bringing its holdings to 441,844 shares valued at approximately $26.69 million. Institutional investors collectively own 77.6% of the company.
• Analysts raised their price targets, with the consensus target reaching $67.06 and an overall “Moderate Buy” rating. U.S. Bancorp recently reported quarterly EPS of $1.35, beating estimates of $1.28.
• U.S. Bancorp declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 payout and a 3.3% yield. The stock opened at $63.90 and has traded between $44.15 and $65.02 over the past year.

Czech National Bank boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 441,844 shares of the financial services provider's stock after purchasing an additional 18,501 shares during the period. Czech National Bank's holdings in U.S. Bancorp were worth $26,687,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in USB. Vanguard Group Inc. raised its holdings in shares of U.S. Bancorp by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider's stock worth $7,810,665,000 after acquiring an additional 1,828,404 shares in the last quarter. State Street Corp increased its position in U.S. Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 69,701,898 shares of the financial services provider's stock worth $3,755,083,000 after purchasing an additional 522,368 shares during the last quarter. Geode Capital Management LLC increased its position in U.S. Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider's stock worth $2,002,518,000 after purchasing an additional 443,646 shares during the last quarter. Norges Bank purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth about $1,887,497,000. Finally, Auto Owners Insurance Co raised its stake in shares of U.S. Bancorp by 5,236.0% during the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider's stock worth $1,779,556,000 after purchasing an additional 32,725,000 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on USB shares. Robert W. Baird raised their price objective on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods increased their price target on shares of U.S. Bancorp from $63.00 to $66.00 and gave the stock a "market perform" rating in a research note on Friday, July 17th. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, July 17th. DA Davidson lifted their price objective on shares of U.S. Bancorp from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Finally, Morgan Stanley upped their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.06.

U.S. Bancorp Price Performance

NYSE USB opened at $63.90 on Friday. U.S. Bancorp has a 1 year low of $44.15 and a 1 year high of $65.02. The company has a fifty day simple moving average of $60.73 and a 200 day simple moving average of $57.04. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The company has a market cap of $99.11 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.05 and a beta of 0.96.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter in the previous year, the business earned $1.11 EPS. On average, sell-side analysts predict that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp's payout ratio is 41.52%.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the firm's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company's stock.

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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