Advisor Partners LLC raised its holdings in U.S. Bancorp (NYSE:USB) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,210 shares of the financial services provider’s stock after buying an additional 2,875 shares during the period. Advisor Partners LLC owned about 2,292.14% of U.S. Bancorp worth $2,048,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in USB. Stelac Advisory Services LLC acquired a new position in shares of U.S. Bancorp in the second quarter valued at approximately $103,000. Phocas Financial Corp. acquired a new position in shares of U.S. Bancorp in the second quarter valued at approximately $109,000. Pathstone Family Office LLC grew its position in shares of U.S. Bancorp by 13.2% in the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares during the last quarter. Cadence Bank NA acquired a new position in shares of U.S. Bancorp in the third quarter valued at approximately $201,000. Finally, Hudock Capital Group LLC grew its position in shares of U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
USB has been the topic of several research reports. Jefferies Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 12th. Vining Sparks reaffirmed a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a research report on Monday. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.22.
Shares of U.S. Bancorp (NYSE USB) opened at $56.68 on Friday. The stock has a market capitalization of $94,060.00, a P/E ratio of 16.87, a P/E/G ratio of 1.93 and a beta of 0.85. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $56.74. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83.
U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. analysts forecast that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is presently 35.71%.
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About U.S. Bancorp
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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