Tokio Marine Asset Management Co. Ltd. Purchases 8,201 Shares of U.S. Bancorp (USB)

Tokio Marine Asset Management Co. Ltd. grew its stake in U.S. Bancorp (NYSE:USB) by 17.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,285 shares of the financial services provider’s stock after purchasing an additional 8,201 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in U.S. Bancorp were worth $3,016,000 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. Brightworth purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth about $5,528,000. 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. Bainco International Investors grew its position in U.S. Bancorp by 5.5% during the 3rd quarter. Bainco International Investors now owns 198,602 shares of the financial services provider’s stock valued at $10,643,000 after purchasing an additional 10,290 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in U.S. Bancorp by 18.0% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,768 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Cable Hill Partners LLC grew its position in U.S. Bancorp by 45.2% during the 3rd quarter. Cable Hill Partners LLC now owns 10,070 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 3,137 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

A number of brokerages have recently issued reports on USB. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Barclays increased their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Morgan Stanley increased their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.22.

U.S. Bancorp (USB) traded up $0.30 during mid-day trading on Friday, hitting $56.98. 5,340,000 shares of the company 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. The stock has a market capitalization of $94,560.00, a price-to-earnings ratio of 16.96, a PEG ratio of 1.92 and a beta of 0.85. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $57.12.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. U.S. Bancorp’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. research analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s payout ratio is 35.71%.

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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.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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