Brookmont Capital Management reduced its stake in U.S. Bancorp (NYSE:USB) by 44.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,256 shares of the financial services provider’s stock after selling 32,834 shares during the period. Brookmont Capital Management’s holdings in U.S. Bancorp were worth $2,157,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Stelac Advisory Services LLC acquired a new stake in U.S. Bancorp in the second quarter valued at $103,000. Phocas Financial Corp. acquired a new stake in U.S. Bancorp in the second quarter valued at $109,000. Horan Capital Advisors LLC. acquired a new stake in U.S. Bancorp in the third quarter valued at $112,000. Pathstone Family Office LLC raised its stake in 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 buying an additional 386 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake 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 buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
U.S. Bancorp (NYSE USB) opened at $56.98 on Friday. The stock has a market capitalization of $94,560.00, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $57.12. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (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 for the quarter, compared to analyst estimates of $5.60 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts forecast that U.S. Bancorp will post 3.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.
A number of analysts have weighed in on the company. Jefferies Group restated a “buy” rating and issued a $63.00 price target on shares of U.S. Bancorp in a research note on Monday, January 8th. Vining Sparks restated a “buy” rating and issued a $64.00 price target on shares of U.S. Bancorp in a research note on Monday, January 8th. UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 12th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price objective on the stock in a report on Friday, January 5th. Finally, Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Three equities 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.22.
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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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