Crossmark Global Holdings Inc. raised its position in U.S. Bancorp (NYSE:USB) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 125,190 shares of the financial services provider’s stock after purchasing an additional 2,084 shares during the period. Crossmark Global Holdings Inc.’s holdings in U.S. Bancorp were worth $5,721,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Bank of New York Mellon Corp increased its holdings in U.S. Bancorp by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after buying an additional 2,071,326 shares in the last quarter. Morgan Stanley increased its holdings in U.S. Bancorp by 32.7% in the third quarter. Morgan Stanley now owns 5,506,411 shares of the financial services provider’s stock valued at $290,793,000 after buying an additional 1,358,026 shares in the last quarter. FIL Ltd increased its holdings in U.S. Bancorp by 14.2% in the third quarter. FIL Ltd now owns 7,543,687 shares of the financial services provider’s stock valued at $398,382,000 after buying an additional 937,634 shares in the last quarter. Calamos Advisors LLC increased its holdings in U.S. Bancorp by 256.7% in the fourth quarter. Calamos Advisors LLC now owns 1,219,527 shares of the financial services provider’s stock valued at $55,732,000 after buying an additional 877,672 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in U.S. Bancorp by 3.5% in the third quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after buying an additional 750,796 shares in the last quarter. 75.27% of the stock is owned by institutional investors.
In related news, Vice Chairman John R. Elmore sold 19,418 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $53.59, for a total transaction of $1,040,610.62. Following the completion of the sale, the insider now owns 78,953 shares of the company’s stock, valued at approximately $4,231,091.27. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark G. Runkel sold 6,347 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $53.20, for a total transaction of $337,660.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,404 shares of company stock valued at $2,722,228. 0.43% of the stock is owned by corporate insiders.
USB has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, November 19th. UBS Group set a $56.00 price objective on shares of U.S. Bancorp and gave the company a “hold” rating in a report on Monday, October 22nd. Wedbush set a $58.00 target price on shares of U.S. Bancorp and gave the stock a “hold” rating in a research note on Thursday, October 18th. Deutsche Bank cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Finally, Standpoint Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and boosted their target price for the stock from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.00.
USB stock opened at $50.95 on Friday. The stock has a market cap of $83.13 billion, a PE ratio of 12.43, a P/E/G ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $56.10.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. As a group, equities analysts anticipate that U.S. Bancorp will post 4.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.90%. U.S. Bancorp’s dividend payout ratio is currently 36.10%.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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