XTX Topco Ltd Buys 30,824 Shares of U.S. Bancorp (NYSE:USB)

XTX Topco Ltd boosted its position in shares of U.S. Bancorp (NYSE:USB) by 113.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,968 shares of the financial services provider’s stock after acquiring an additional 30,824 shares during the period. XTX Topco Ltd’s holdings in U.S. Bancorp were worth $2,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in shares of U.S. Bancorp in the 2nd quarter worth $1,170,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in U.S. Bancorp by 6.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 234,050 shares of the financial services provider’s stock worth $9,292,000 after acquiring an additional 14,293 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in U.S. Bancorp by 4.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 180,386 shares of the financial services provider’s stock worth $7,757,000 after acquiring an additional 7,481 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of U.S. Bancorp during the second quarter worth about $2,495,000. Finally, Excalibur Management Corp increased its holdings in shares of U.S. Bancorp by 4.2% during the second quarter. Excalibur Management Corp now owns 10,325 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 415 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $45.19 on Thursday. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $47.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. The company’s fifty day moving average price is $44.22 and its 200 day moving average price is $42.27. The company has a market capitalization of $70.52 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 4.36 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.81 billion. U.S. Bancorp had a return on equity of 13.34% and a net margin of 12.55%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. On average, research analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.43%. U.S. Bancorp’s payout ratio is 66.23%.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average price of $44.99 per share, with a total value of $449,900.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $449,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of U.S. Bancorp from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price objective on shares of U.S. Bancorp in a report on Friday, September 13th. DA Davidson raised their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Evercore ISI lifted their price target on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, StockNews.com raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $48.18.

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.