Headlands Technologies LLC Invests $2.10 Million in U.S. Bancorp $USB

Headlands Technologies LLC purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,728 shares of the financial services provider's stock, valued at approximately $2,098,000.

Several other hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new position in U.S. Bancorp in the 1st quarter worth approximately $27,000. Main Street Group LTD purchased a new stake in shares of U.S. Bancorp in the first quarter valued at $28,000. JPL Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the third quarter valued at $28,000. Archer Investment Corp acquired a new stake in shares of U.S. Bancorp in the second quarter worth $29,000. Finally, Parvin Asset Management LLC acquired a new stake in U.S. Bancorp during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analyst Weigh In

USB has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on U.S. Bancorp from $67.50 to $69.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Citigroup reiterated a "buy" rating on shares of U.S. Bancorp in a research report on Tuesday, July 21st. CLSA set a $67.50 price objective on U.S. Bancorp in a research report on Monday, July 20th. Stephens boosted their target price on U.S. Bancorp from $63.00 to $67.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of U.S. Bancorp in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $67.06.

U.S. Bancorp Trading Up 0.0%

Shares of NYSE:USB opened at $62.50 on Monday. The company has a market cap of $97.38 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.02 and a beta of 0.96. The stock's 50-day moving average is $62.84 and its 200-day moving average is $57.73. U.S. Bancorp has a 52-week low of $45.02 and a 52-week high of $66.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.07. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same quarter last year, the firm posted $1.11 EPS. Equities research analysts predict that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp's dividend payout ratio (DPR) is presently 41.52%.

Insider Transactions at U.S. Bancorp

In related news, insider Stephen L. Philipson sold 36,906 shares of the company's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider directly owned 74,969 shares in the company, valued at $4,729,044.52. This represents a 32.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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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