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

D Orazio & Associates Inc. acquired a new stake in U.S. Bancorp (NYSE:USB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,762 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other institutional investors also recently bought and sold shares of the stock. Redwood Wealth Management Group LLC purchased a new position in shares of U.S. Bancorp in the second quarter worth $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $30,000. Eagle Bay Advisors LLC raised its stake in U.S. Bancorp by 93.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 686 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 331 shares during the last quarter. LRI Investments LLC acquired a new stake in U.S. Bancorp during the 1st quarter worth about $31,000. Finally, Y.D. More Investments Ltd purchased a new stake in U.S. Bancorp during the 2nd quarter valued at about $33,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Jodi L. Richard sold 25,000 shares of U.S. Bancorp stock in a transaction that occurred 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 of the company’s stock, valued at $6,363,603.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USB. Stephens raised their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research report on Thursday, October 24th. Robert W. Baird set a $54.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 17th. Citigroup boosted their target price on shares of U.S. Bancorp from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.12.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.61 during midday trading on Wednesday, reaching $51.37. 1,249,899 shares of the company’s stock traded hands, compared to its average volume of 8,313,771. The company has a market cap of $80.14 billion, a P/E ratio of 15.54, a PEG ratio of 3.01 and a beta of 1.02. The company 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 debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. 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 posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.92% and a return on equity of 12.91%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Equities analysts predict that U.S. Bancorp will post 3.93 EPS for the current fiscal year.

U.S. Bancorp announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 12th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.89%. 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 payout ratio is presently 61.16%.

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.