U.S. Bancorp (NYSE:USB) Stake Decreased by Lakeside Advisors INC.

Lakeside Advisors INC. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,973 shares of the financial services provider’s stock after selling 826 shares during the period. U.S. Bancorp accounts for about 3.0% of Lakeside Advisors INC.’s investment portfolio, making the stock its 7th largest position. Lakeside Advisors INC.’s holdings in U.S. Bancorp were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Chicago Partners Investment Group LLC lifted its holdings in shares of U.S. Bancorp by 3.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 12,747 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 446 shares during the period. Creative Capital Management Investments LLC lifted its holdings in shares of U.S. Bancorp by 86,360.0% during the 3rd quarter. Creative Capital Management Investments LLC now owns 4,323 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 4,318 shares during the period. Phillips Wealth Planners LLC raised its holdings in U.S. Bancorp by 2.1% in the third quarter. Phillips Wealth Planners LLC now owns 12,056 shares of the financial services provider’s stock valued at $593,000 after buying an additional 243 shares during the period. Farther Finance Advisors LLC raised its holdings in U.S. Bancorp by 55.5% in the third quarter. Farther Finance Advisors LLC now owns 13,937 shares of the financial services provider’s stock valued at $637,000 after buying an additional 4,976 shares during the period. Finally, Cambiar Investors LLC purchased a new position in U.S. Bancorp in the third quarter valued at approximately $43,619,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at U.S. Bancorp

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

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $47.84 on Friday. The company has a market cap of $74.65 billion, a PE ratio of 14.63, a P/E/G ratio of 2.88 and a beta of 1.03. The company has a fifty day moving average price of $46.23 and a two-hundred day moving average price of $43.05. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $32.39 and a 12 month high of $50.47.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.90 billion. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. Research analysts expect that U.S. Bancorp will post 3.92 earnings per share for the current year.

U.S. Bancorp announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 12th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.18%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 61.16%.

Analyst Upgrades and Downgrades

USB has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. DA Davidson increased their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Evercore ISI increased their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday. Morgan Stanley raised shares of U.S. Bancorp from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Finally, Oppenheimer increased their price objective on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.87.

About U.S. Bancorp

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.