Bbva Compass Bancshares Inc. cut its stake in U.S. Bancorp (NYSE:USB) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,143 shares of the financial services provider’s stock after selling 4,959 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in U.S. Bancorp were worth $6,010,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Howland Capital Management LLC raised its holdings in U.S. Bancorp by 23.0% in the 3rd quarter. Howland Capital Management LLC now owns 76,486 shares of the financial services provider’s stock worth $4,099,000 after purchasing an additional 14,288 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of U.S. Bancorp by 6.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,866,820 shares of the financial services provider’s stock worth $153,633,000 after buying an additional 171,100 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of U.S. Bancorp by 17.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,285 shares of the financial services provider’s stock worth $3,016,000 after buying an additional 8,201 shares during the period. Brightworth purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth about $5,528,000. Finally, Ironwood Investment Counsel LLC grew its position in shares of U.S. Bancorp by 6.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 97,607 shares of the financial services provider’s stock worth $5,231,000 after buying an additional 5,620 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
Shares of U.S. Bancorp (USB) traded up $0.30 on Friday, reaching $56.98. 5,340,000 shares of the company’s stock were exchanged, compared to its average volume of 5,810,000. 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 has a twelve month low of $49.53 and a twelve month high of $57.12. The stock has a market cap of $94,560.00, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.92 and a beta of 0.85.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 4.1% on a year-over-year basis. equities research analysts expect that U.S. Bancorp will post 3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors 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 2.11%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.71%.
A number of analysts have recently weighed in on USB shares. Nomura upped their target price on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Citigroup reissued a “neutral” rating and set a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $63.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.22.
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U.S. Bancorp Profile
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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