U.S. Bancorp $USB Stock Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,695,571 shares of the financial services provider's stock after buying an additional 58,156 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.17% of U.S. Bancorp worth $155,696,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Diversify Advisory Services LLC lifted its position in shares of U.S. Bancorp by 25.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 20,144 shares of the financial services provider's stock worth $1,156,000 after buying an additional 4,055 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in U.S. Bancorp by 29.1% in the third quarter. Bank Pictet & Cie Europe AG now owns 95,639 shares of the financial services provider's stock valued at $5,524,000 after acquiring an additional 21,571 shares during the last quarter. MBM Wealth Consultants LLC grew its position in U.S. Bancorp by 13.5% in the third quarter. MBM Wealth Consultants LLC now owns 13,784 shares of the financial services provider's stock valued at $796,000 after acquiring an additional 1,642 shares during the last quarter. 55 North Private Wealth LLC raised its stake in U.S. Bancorp by 8.0% during the third quarter. 55 North Private Wealth LLC now owns 6,135 shares of the financial services provider's stock worth $354,000 after acquiring an additional 456 shares in the last quarter. Finally, Focused Alpha LLC raised its stake in U.S. Bancorp by 269.4% during the third quarter. Focused Alpha LLC now owns 12,716 shares of the financial services provider's stock worth $734,000 after acquiring an additional 9,274 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James Financial dropped their target price on shares of U.S. Bancorp from $74.00 to $72.00 and set a "strong-buy" rating for the company in a report on Tuesday, October 6th. BTIG Research set a $67.50 price target on shares of U.S. Bancorp in a report on Monday, July 20th. TD Cowen initiated coverage on shares of U.S. Bancorp in a research report on Thursday, October 8th. They set a "buy" rating and a $70.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of U.S. Bancorp in a research report on Friday, July 31st. Finally, Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.43.

Insider Buying and Selling at U.S. Bancorp

In related news, CEO Gunjan Kedia sold 27,267 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the sale, the chief executive officer owned 426,262 shares of the company's stock, valued at $26,585,960.94. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Down 0.0%

Shares of NYSE USB opened at $59.08 on Thursday. The company has a 50 day simple moving average of $60.47 and a 200 day simple moving average of $59.20. The firm has a market cap of $92.04 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.13 and a beta of 1.00. U.S. Bancorp has a 1 year low of $45.02 and a 1 year high of $66.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.32 by $0.02. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. The business had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $8 billion. During the same period last year, the company earned $1.22 EPS. The firm's revenue was up 8.7% compared to the same quarter last year. On average, research analysts forecast that U.S. Bancorp will post 5.29 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.52. The ex-dividend date was Wednesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 42.11%.

U.S. Bancorp Company Profile

U.S. Bancorp NYSE: USB is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company's consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.

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