U.S. Bancorp $USB Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in U.S. Bancorp (NYSE:USB) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,695,571 shares of the financial services provider’s stock after acquiring an additional 58,156 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in U.S. Bancorp were worth $155,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of U.S. Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after purchasing an additional 93,025 shares during the last quarter. Mufg Bank LTD. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $2,680,199,000. Wasatch Advisors LP acquired a new stake in shares of U.S. Bancorp during the first quarter worth $4,768,000. Illinois Municipal Retirement Fund raised its stake in U.S. Bancorp by 57.1% during the first quarter. Illinois Municipal Retirement Fund now owns 92,257 shares of the financial services provider’s stock worth $4,798,000 after buying an additional 33,517 shares during the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in U.S. Bancorp by 5.4% during the second quarter. Cardinal Capital Management Inc. now owns 326,565 shares of the financial services provider’s stock worth $19,725,000 after buying an additional 16,814 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Activity

In other news, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the sale, the chief executive officer directly owned 426,262 shares in the company, valued at $26,585,960.94. This trade represents a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

NYSE:USB opened at $59.08 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a twelve month low of $45.02 and a twelve month high of $66.07. The company has a fifty day moving average of $60.47 and a 200-day moving average of $59.20. The firm has a market capitalization of $92.04 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.13 and a beta of 1.00.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, October 15th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.02. The business had revenue of $8.04 billion for the quarter, compared to analyst estimates of $8 billion. U.S. Bancorp had a net margin of 18.85% and a return on equity of 13.85%. U.S. Bancorp’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 5.29 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.54 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

USB has been the topic of a number of research analyst reports. Evercore raised shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 price target on the stock in a research report on Monday, July 20th. Morgan Stanley set a $68.00 price objective on U.S. Bancorp in a research report on Friday, October 16th. DA Davidson reissued a “buy” rating and issued a $73.00 price objective on shares of U.S. Bancorp in a research note on Friday, October 16th. Royal Bank Of Canada dropped their price objective on U.S. Bancorp from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Wells Fargo & Company upped their target price on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.43.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. U.S. Bank provides banking, lending, payment, investment and wealth-management services to individuals, businesses, institutions and government entities.

The company’s consumer and business banking operations offer deposit accounts, mortgages, home-equity and consumer loans, credit cards, small-business banking and commercial lending.