PGGM Investments lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 45.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,154,700 shares of the financial services provider’s stock after selling 955,522 shares during the period. PGGM Investments owned 0.07% of U.S. Bancorp worth $61,869,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in USB. Stelac Advisory Services LLC acquired a new position in shares of U.S. Bancorp during the 2nd quarter valued at $103,000. Phocas Financial Corp. acquired a new position in shares of U.S. Bancorp during the 2nd quarter valued at $109,000. Horan Capital Advisors LLC. acquired a new position in shares of U.S. Bancorp during the 3rd quarter valued at $112,000. Cerebellum GP LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $123,000. Finally, Pathstone Family Office LLC lifted its position in shares of U.S. Bancorp by 13.2% during the 2nd 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. Institutional investors own 73.87% of the company’s stock.
Several research firms have weighed in on USB. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Barclays upped their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Vining Sparks restated a “hold” rating and set a $61.00 price objective on shares of U.S. Bancorp in a report on Thursday, January 25th. JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective on the stock. in a report on Wednesday, January 31st. Finally, Morgan Stanley upped their price objective on shares of U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.13.
U.S. Bancorp (NYSE USB) traded up $0.81 during midday trading on Wednesday, hitting $54.95. 3,599,967 shares of the stock traded hands, compared to its average volume of 7,631,159. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $58.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $89,374.32, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.87.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. equities analysts forecast that U.S. Bancorp will post 4.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. U.S. Bancorp’s payout ratio is 34.09%.
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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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