Lpwm LLC lowered its holdings in shares of U.S. Bancorp (NYSE:USB – Get Rating) by 16.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,458 shares of the financial services provider’s stock after selling 2,000 shares during the period. Lpwm LLC’s holdings in U.S. Bancorp were worth $550,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of U.S. Bancorp by 1.9% during the fourth quarter. BlackRock Inc. now owns 95,616,688 shares of the financial services provider’s stock valued at $5,370,789,000 after acquiring an additional 1,789,050 shares during the last quarter. State Street Corp raised its stake in U.S. Bancorp by 3.0% during the fourth quarter. State Street Corp now owns 63,110,227 shares of the financial services provider’s stock worth $3,573,671,000 after buying an additional 1,841,651 shares during the last quarter. Geode Capital Management LLC raised its stake in U.S. Bancorp by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 23,287,715 shares of the financial services provider’s stock worth $1,305,145,000 after buying an additional 493,821 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in U.S. Bancorp by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,430,246 shares of the financial services provider’s stock worth $1,147,568,000 after buying an additional 717,483 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in U.S. Bancorp by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 13,969,328 shares of the financial services provider’s stock worth $830,336,000 after buying an additional 533,240 shares during the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the stock. Citigroup downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 target price for the company. in a research note on Monday, April 11th. Bank of America raised their price target on shares of U.S. Bancorp from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, April 18th. Wolfe Research reduced their price target on shares of U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, May 26th. Oppenheimer raised their price target on shares of U.S. Bancorp from $67.00 to $72.00 in a report on Tuesday, May 3rd. Finally, UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $56.00 in a report on Friday, April 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.77.
Shares of NYSE USB opened at $46.50 on Thursday. U.S. Bancorp has a 1 year low of $44.79 and a 1 year high of $63.57. The stock has a market capitalization of $69.09 billion, a P/E ratio of 10.02, a P/E/G ratio of 1.58 and a beta of 0.98. The company has a 50-day moving average price of $49.94 and a 200-day moving average price of $54.43. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74.
U.S. Bancorp (NYSE:USB – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. U.S. Bancorp had a net margin of 30.41% and a return on equity of 15.24%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 29th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 39.66%.
U.S. Bancorp Company Profile (Get Rating)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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