Mesirow Financial Investment Management Inc. Has $1.34 Million Stake in U.S. Bancorp $USB

Mesirow Financial Investment Management Inc. increased its stake in U.S. Bancorp (NYSE:USB) by 53.3% in Q2, now holding 29,684 shares valued at $1.34 million. Other institutional investors also adjusted their positions in USB. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $54.55. U.S. Bancorp reported Q3 earnings of $1.22 per share, exceeding estimates, and declared a quarterly dividend of $0.52 per share.

Mesirow Financial Investment Management Inc. increased its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 53.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,684 shares of the financial services provider's stock after buying an additional 10,315 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in U.S. Bancorp were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

3 Regional Bank Stocks That Crushed Q3 Earnings

A number of other hedge funds and other institutional investors also recently made changes to their positions in USB. IMG Wealth Management Inc. acquired a new stake in shares of U.S. Bancorp in the second quarter valued at approximately $25,000. Saudi Central Bank bought a new position in U.S. Bancorp in the first quarter valued at approximately $26,000. YANKCOM Partnership increased its stake in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in U.S. Bancorp by 118.0% in the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 420 shares during the last quarter. Finally, Activest Wealth Management increased its stake in U.S. Bancorp by 846.5% in the second quarter. Activest Wealth Management now owns 814 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 728 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on USB. UBS Group lifted their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a "neutral" rating in a research note on Tuesday, October 7th. Evercore ISI lifted their price objective on shares of 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 raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Oppenheimer decreased their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Finally, Morgan Stanley reissued a "positive" rating on shares of U.S. Bancorp in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.55.

3 High-Yield Banks for Investors to Buy on the Dip

Read Our Latest Research Report on USB

U.S. Bancorp Stock Performance

NYSE USB opened at $46.71 on Friday. The firm's fifty day moving average price is $48.14 and its two-hundred day moving average price is $45.49. The stock has a market cap of $72.69 billion, a PE ratio of 10.69, a PEG ratio of 1.25 and a beta of 1.06. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.82 and a current ratio of 0.82.

Your Comprehensive Guide to Investing in Bank Stocks

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.11. The firm had revenue of $7.34 billion for the quarter, compared to analysts' expectations of $7.17 billion. U.S. Bancorp had a net margin of 16.89% and a return on equity of 13.34%. The company's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.60%.

Insiders Place Their Bets

In other news, Chairman Andrew Cecere sold 140,445 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The shares were sold at an average price of $46.34, for a total transaction 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. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James L. Chosy sold 26,909 shares of U.S. Bancorp stock in a transaction on Monday, October 20th. The stock was sold at an average price of $46.86, for a total transaction of $1,260,955.74. Following the transaction, the executive vice president owned 226,375 shares in the company, valued at approximately $10,607,932.50. This trade represents a 10.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Profile

(Free Report)

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.

Should You Invest $1,000 in U.S. Bancorp Right Now?

Before you consider U.S. Bancorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and U.S. Bancorp wasn't on the list.

While U.S. Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Mesirow Financial Investment Management Inc. Has $1.34 Million Stake in U.S. Bancorp $USB

Wall Street Analyst Weigh In

U.S. Bancorp Stock Performance

U.S. Bancorp Increases Dividend

Insiders Place Their Bets

U.S. Bancorp Profile

See Also

Should You Invest $1,000 in U.S. Bancorp Right Now?