Aperio Group LLC raised its position in shares of U.S. Bancorp (NYSE:USB) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,365,090 shares of the financial services provider’s stock after purchasing an additional 69,599 shares during the quarter. Aperio Group LLC owned 0.08% of U.S. Bancorp worth $73,142,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $209,000. Allied Investment Advisors LLC purchased a new position in shares of U.S. Bancorp during the 4th quarter valued at about $302,000. North Star Asset Management Inc. lifted its position in shares of U.S. Bancorp by 22.3% during the 4th quarter. North Star Asset Management Inc. now owns 58,445 shares of the financial services provider’s stock valued at $3,131,000 after buying an additional 10,670 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of U.S. Bancorp by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 622,108 shares of the financial services provider’s stock valued at $33,333,000 after buying an additional 2,084 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of U.S. Bancorp by 311.0% during the 4th quarter. Engineers Gate Manager LP now owns 65,954 shares of the financial services provider’s stock valued at $3,534,000 after buying an additional 49,906 shares in the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.
A number of research firms have recently weighed in on USB. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Vining Sparks reaffirmed a “hold” rating and set a $61.00 price objective on shares of U.S. Bancorp in a research report on Thursday, January 25th. Morgan Stanley lifted their price objective on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective on the stock. in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $58.13.
U.S. Bancorp (NYSE:USB) opened at $54.14 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $58.50. The company has a market capitalization of $89,840.00, a P/E ratio of 15.42, a P/E/G ratio of 1.78 and a beta of 0.87.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. analysts anticipate that U.S. Bancorp will post 4.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 34.19%.
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U.S. Bancorp Company 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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