Callan Family Office LLC Buys 829 Shares of U.S. Bancorp (NYSE:USB)

Callan Family Office LLC grew its stake in U.S. Bancorp (NYSE:USB) by 15.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,195 shares of the financial services provider’s stock after purchasing an additional 829 shares during the quarter. Callan Family Office LLC’s holdings in U.S. Bancorp were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in USB. Ossiam raised its holdings in U.S. Bancorp by 13.4% in the 4th quarter. Ossiam now owns 31,543 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 3,722 shares in the last quarter. State of Tennessee Treasury Department grew its position in shares of U.S. Bancorp by 7.0% in the 4th quarter. State of Tennessee Treasury Department now owns 370,369 shares of the financial services provider’s stock worth $16,030,000 after buying an additional 24,365 shares during the period. Caxton Associates LP purchased a new stake in shares of U.S. Bancorp in the 4th quarter worth about $14,101,000. Pin Oak Investment Advisors Inc. grew its position in shares of U.S. Bancorp by 142.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 1,446 shares of the financial services provider’s stock worth $63,000 after buying an additional 850 shares during the period. Finally, Vivaldi Capital Management LP grew its position in shares of U.S. Bancorp by 3.5% in the 4th quarter. Vivaldi Capital Management LP now owns 12,749 shares of the financial services provider’s stock worth $509,000 after buying an additional 429 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Down 0.5 %

Shares of USB opened at $44.26 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.80. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $47.31. The company has a 50 day simple moving average of $44.46 and a two-hundred day simple moving average of $42.46. The firm has a market cap of $69.07 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.03.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. U.S. Bancorp had a net margin of 12.55% and a return on equity of 13.34%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the firm posted $1.12 EPS. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts expect that U.S. Bancorp will post 3.86 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.50 dividend. The ex-dividend date is Monday, September 30th. This is a positive change 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 4.52%. U.S. Bancorp’s dividend payout ratio (DPR) is 66.23%.

U.S. Bancorp declared that its board has approved a stock repurchase program on Thursday, September 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently weighed in on USB shares. StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. UBS Group upped their target price on shares of U.S. Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Wells Fargo & Company increased their price objective on shares of U.S. Bancorp from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Jefferies Financial Group cut their price objective on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, 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. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $48.65.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of $44.99 per share, with a total value of $449,900.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $449,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Company 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.