Amalgamated Bank boosted its position in shares of U.S. Bancorp (NYSE:USB) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 181,904 shares of the financial services provider’s stock after purchasing an additional 3,700 shares during the quarter. Amalgamated Bank’s holdings in U.S. Bancorp were worth $9,748,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hudock Capital Group LLC lifted 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 acquiring an additional 17 shares in the last quarter. BSW Wealth Partners lifted its position in shares of 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. lifted its position in shares of 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 shares of U.S. Bancorp by 0.5% in the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 39 shares in the last quarter. Finally, Green Square Capital LLC lifted its position in shares of U.S. Bancorp by 0.4% in the first quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.
USB has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research report on Friday, October 6th. Citigroup restated a “neutral” rating and issued a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Jefferies Group restated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 12th. Finally, Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus price target of $58.13.
U.S. Bancorp (USB) traded down $0.56 during trading on Friday, reaching $56.90. The company had a trading volume of 7,008,708 shares, compared to its average volume of 6,828,000. The firm has a market capitalization of $94,430.00, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.91 and a beta of 0.87. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. equities research analysts forecast that U.S. Bancorp will post 4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.11%. U.S. Bancorp’s dividend payout ratio is presently 34.19%.
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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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