AHL Investment Management Inc. Acquires Shares of 17,506 U.S. Bancorp (NYSE:USB)

AHL Investment Management Inc. acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,506 shares of the financial services provider’s stock, valued at approximately $695,000.

A number of other institutional investors also recently added to or reduced their stakes in USB. Prime Capital Investment Advisors LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at approximately $439,000. Cerity Partners LLC raised its stake in shares of U.S. Bancorp by 34.8% in the fourth quarter. Cerity Partners LLC now owns 426,892 shares of the financial services provider’s stock valued at $18,483,000 after acquiring an additional 110,246 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of U.S. Bancorp by 25.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 35,295 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,123 shares during the last quarter. Clarius Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $281,000. Finally, Friedenthal Financial bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $46,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on USB shares. Jefferies Financial Group cut their target price on shares of U.S. Bancorp from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. cut shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $43.50 target price for the company. in a research note on Thursday, June 27th. Royal Bank of Canada boosted their price objective on shares of U.S. Bancorp from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company boosted their price objective on shares of U.S. Bancorp from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.23.

U.S. Bancorp Trading Down 1.4 %

USB traded down $0.60 during trading on Monday, reaching $41.47. 7,187,352 shares of the company’s stock were exchanged, compared to its average volume of 8,549,105. The company’s fifty day moving average price is $41.27 and its 200-day moving average price is $41.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.80 and a current ratio of 0.81. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.88. The firm has a market capitalization of $64.71 billion, a PE ratio of 13.93, a P/E/G ratio of 4.20 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that U.S. Bancorp will post 3.9 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Friday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

Insider Activity

In other news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was bought at an average price of $44.99 per share, with a total value of $449,900.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $449,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by company 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.