Brookmont Capital Management lessened its position in U.S. Bancorp (NYSE:USB) by 44.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,256 shares of the financial services provider’s stock after selling 32,834 shares during the quarter. Brookmont Capital Management’s holdings in U.S. Bancorp were worth $2,157,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Hudock Capital Group LLC raised its position in U.S. Bancorp by 0.4% in the 2nd 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 during the last quarter. BSW Wealth Partners grew its stake 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 purchasing an additional 22 shares in the last quarter. D. Scott Neal Inc. grew its stake 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 purchasing an additional 36 shares in the last quarter. Budros Ruhlin & Roe Inc. grew its stake in 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 purchasing an additional 39 shares in the last quarter. Finally, Green Square Capital LLC grew its stake in U.S. Bancorp by 0.4% in the second quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 41 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on USB shares. Piper Jaffray Companies upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target for the company in a research note on Friday, January 5th. 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. Citigroup restated a “neutral” rating and issued a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, UBS Group downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $58.13.
Shares of U.S. Bancorp (NYSE:USB) traded down $2.28 during midday trading on Monday, hitting $54.62. The stock had a trading volume of 11,465,851 shares, compared to its average volume of 6,140,000. 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 has a one year low of $49.53 and a one year high of $58.50. The company has a market cap of $90,640.00, a P/E ratio of 15.56, a P/E/G ratio of 1.89 and a beta of 0.87.
U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 EPS. equities analysts predict that U.S. Bancorp will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.20%. U.S. Bancorp’s dividend payout ratio (DPR) 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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