World Investment Advisors Has $2.69 Million Holdings in U.S. Bancorp $USB

World Investment Advisors lessened its stake in U.S. Bancorp (NYSE:USB) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,498 shares of the financial services provider’s stock after selling 16,057 shares during the quarter. World Investment Advisors’ holdings in U.S. Bancorp were worth $2,693,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Nuveen LLC bought a new stake in U.S. Bancorp in the 1st quarter valued at $138,183,000. Vanguard Group Inc. raised its stake in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares during the period. American Century Companies Inc. raised its stake in U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after acquiring an additional 1,493,318 shares during the period. Nordea Investment Management AB raised its stake in U.S. Bancorp by 192.0% in the 2nd quarter. Nordea Investment Management AB now owns 1,994,993 shares of the financial services provider’s stock valued at $90,752,000 after acquiring an additional 1,311,746 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after acquiring an additional 1,045,509 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore ISI increased their price target on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Citigroup increased their target price on U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Bank of America increased their target price on U.S. Bancorp from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Oppenheimer lowered their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.55.

U.S. Bancorp Stock Up 0.3%

Shares of NYSE USB opened at $46.79 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a market capitalization of $72.81 billion, a P/E ratio of 10.71, a PEG ratio of 1.25 and a beta of 1.06. The stock’s fifty day moving average is $48.17 and its 200 day moving average is $45.43.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. U.S. Bancorp had a return on equity of 13.34% and a net margin of 16.89%.The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the business earned $1.03 earnings per share. U.S. Bancorp’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.52 dividend. The ex-dividend date was Tuesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.60%.

Insider Buying and Selling at U.S. Bancorp

In other news, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.34, for a total value of $6,508,221.30. Following the transaction, the chairman owned 1,360,414 shares in the company, valued at approximately $63,041,584.76. This trade represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.86, for a total value of $1,260,955.74. Following the completion of the transaction, the executive vice president owned 226,375 shares in the company, valued at approximately $10,607,932.50. The trade was a 10.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

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.