Willis Investment Counsel boosted its stake in U.S. Bancorp (NYSE:USB) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,500 shares of the financial services provider’s stock after acquiring an additional 7,000 shares during the period. Willis Investment Counsel’s holdings in U.S. Bancorp were worth $16,265,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its holdings in 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 acquiring an additional 17 shares in the last quarter. BSW Wealth Partners boosted its holdings in U.S. Bancorp by 0.6% in the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 22 shares in the last quarter. D. Scott Neal Inc. boosted its holdings in U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 36 shares in the last quarter. Budros Ruhlin & Roe Inc. lifted its position in U.S. Bancorp by 0.5% during the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after buying an additional 39 shares during the period. Finally, Green Square Capital LLC lifted its position in U.S. Bancorp by 0.4% during the second quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
Several brokerages have commented on USB. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Barclays raised their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Morgan Stanley raised their price objective on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three investment 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. U.S. Bancorp has an average rating of “Hold” and a consensus target price of $56.22.
Shares of U.S. Bancorp (USB) opened at $56.98 on Friday. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $57.12. The company has a market capitalization of $94,560.00, a PE ratio of 16.96, a P/E/G ratio of 1.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.
U.S. Bancorp (NYSE:USB) last released 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. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. During the same period last year, the company earned $0.84 EPS. U.S. Bancorp’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts predict that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.11%. U.S. Bancorp’s payout ratio is 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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