D Orazio & Associates Inc. Invests $263,000 in U.S. Bancorp (NYSE:USB)

D Orazio & Associates Inc. bought a new stake in U.S. Bancorp (NYSE:USB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,762 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other large investors also recently bought and sold shares of the business. QRG Capital Management Inc. raised its position in shares of U.S. Bancorp by 215.7% during the 1st quarter. QRG Capital Management Inc. now owns 54,043 shares of the financial services provider’s stock valued at $2,416,000 after buying an additional 36,926 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of U.S. Bancorp by 7.1% in the 1st quarter. Bleakley Financial Group LLC now owns 42,359 shares of the financial services provider’s stock valued at $1,893,000 after purchasing an additional 2,798 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of U.S. Bancorp by 23.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 233,819 shares of the financial services provider’s stock worth $10,452,000 after purchasing an additional 44,624 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of U.S. Bancorp during the 1st quarter valued at approximately $732,000. Finally, Eagle Bay Advisors LLC raised its holdings in U.S. Bancorp by 93.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock valued at $31,000 after buying an additional 331 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the completion of the sale, the insider now directly owns 129,790 shares in the company, valued at $6,363,603.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Stock Up 1.2 %

USB stock traded up $0.61 during trading on Wednesday, hitting $51.37. 1,249,899 shares of the company’s stock traded hands, compared to its average volume of 8,313,771. The business has a fifty day simple moving average of $46.69 and a two-hundred day simple moving average of $43.53. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $80.14 billion, a P/E ratio of 15.54, a PEG ratio of 3.01 and a beta of 1.02. U.S. Bancorp has a 1 year low of $35.02 and a 1 year high of $51.76.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a return on equity of 12.91% and a net margin of 12.92%. During the same period last year, the business posted $1.05 EPS. The business’s revenue was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp announced that its board has authorized a share buyback program on Thursday, September 12th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.49. U.S. Bancorp’s payout ratio is presently 61.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $54.00 target price on shares of U.S. Bancorp in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Thursday, October 24th. Citigroup upped their target price on U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, UBS Group boosted their price objective on U.S. Bancorp from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.12.

U.S. Bancorp Profile

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.