HCR Wealth Advisors raised its stake in U.S. Bancorp (NYSE:USB) by 303.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,874 shares of the financial services provider’s stock after purchasing an additional 13,449 shares during the quarter. HCR Wealth Advisors’ holdings in U.S. Bancorp were worth $958,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp in the second quarter worth about $103,000. Phocas Financial Corp. acquired a new position in U.S. Bancorp in the second quarter valued at approximately $109,000. Horan Capital Advisors LLC. acquired a new position in U.S. Bancorp in the third quarter valued at approximately $112,000. Pathstone Family Office LLC boosted 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 acquiring an additional 386 shares during the period. Finally, Hudock Capital Group LLC boosted 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 acquiring an additional 17 shares during the period. 74.08% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp (USB) traded down $2.28 during midday trading on Monday, hitting $54.62. The company’s stock had a trading volume of 11,475,840 shares, compared to its average volume of 6,140,000. The company has a market capitalization of $90,640.00, a PE ratio of 15.56, a P/E/G ratio of 1.89 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 posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations 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 was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. sell-side analysts predict that U.S. Bancorp will post 4.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s payout ratio is 34.19%.
A number of equities analysts have commented on USB shares. Piper Jaffray Companies upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Friday, January 5th. Jefferies Group restated a “buy” rating and issued a $63.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Citigroup reiterated a “neutral” rating and set 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 30th. Finally, UBS Group downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $58.13.
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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.
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