Allied Investment Advisors LLC Buys 3,015 Shares of U.S. Bancorp (NYSE:USB)

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Allied Investment Advisors LLC grew its stake in U.S. Bancorp (NYSE:USB) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,820 shares of the financial services provider’s stock after buying an additional 3,015 shares during the period. U.S. Bancorp accounts for 2.6% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Allied Investment Advisors LLC’s holdings in U.S. Bancorp were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Manchester Financial Inc. purchased a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $30,000. Lenox Wealth Advisors LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at about $33,000. Hillsdale Investment Management Inc. acquired a new stake in U.S. Bancorp in the 2nd quarter valued at about $37,000. Prime Capital Investment Advisors LLC grew its stake in U.S. Bancorp by 174.0% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 707 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 449 shares during the last quarter. Finally, Old North State Trust LLC grew its stake in U.S. Bancorp by 99.1% in the 3rd quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.

In other U.S. Bancorp news, insider Gillern Jeffry H. Von sold 5,357 shares of U.S. Bancorp stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $56.67, for a total value of $303,581.19. Following the completion of the transaction, the insider now owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Omaley sold 10,133 shares of U.S. Bancorp stock in a transaction on Friday, September 13th. The stock was sold at an average price of $55.76, for a total transaction of $565,016.08. Following the completion of the transaction, the director now directly owns 191,754 shares of the company’s stock, valued at approximately $10,692,203.04. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

USB has been the topic of a number of research reports. Wedbush increased their price objective on shares of U.S. Bancorp from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 18th. Deutsche Bank set a $59.00 price target on shares of U.S. Bancorp and gave the stock a “hold” rating in a research note on Friday, July 26th. Macquarie cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research report on Thursday, August 1st. Piper Jaffray Companies set a $59.00 target price on shares of U.S. Bancorp and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Morgan Stanley raised their target price on shares of U.S. Bancorp from $55.00 to $56.00 and gave the stock an “underweight” rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $56.67.

NYSE USB traded down $0.20 during mid-day trading on Friday, hitting $58.90. The company’s stock had a trading volume of 3,152,308 shares, compared to its average volume of 5,770,772. The firm has a market capitalization of $92.33 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11. The stock’s fifty day simple moving average is $55.56 and its two-hundred day simple moving average is $53.63. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $59.71. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts forecast that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. U.S. Bancorp’s payout ratio is currently 40.98%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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