Pure Financial Advisors LLC bought a new position in U.S. Bancorp (NYSE:USB – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,354 shares of the financial services provider’s stock, valued at approximately $391,000.
Several other institutional investors have also recently added to or reduced their stakes in USB. Beacon Financial Group grew its position in U.S. Bancorp by 3.8% during the first quarter. Beacon Financial Group now owns 11,209 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 407 shares in the last quarter. DNB Asset Management AS grew its position in U.S. Bancorp by 11.6% during the first quarter. DNB Asset Management AS now owns 329,048 shares of the financial services provider’s stock valued at $17,489,000 after purchasing an additional 34,169 shares in the last quarter. California State Teachers Retirement System grew its position in U.S. Bancorp by 4.3% during the fourth quarter. California State Teachers Retirement System now owns 2,586,434 shares of the financial services provider’s stock valued at $145,280,000 after purchasing an additional 107,591 shares in the last quarter. Paradigm Financial Partners LLC purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $1,181,000. Finally, Carnegie Capital Asset Management LLC grew its position in U.S. Bancorp by 6.7% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 297,008 shares of the financial services provider’s stock valued at $16,683,000 after purchasing an additional 18,711 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on the stock. Citigroup downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research report on Monday, April 11th. UBS Group downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $64.00 to $56.00 in a research report on Friday, April 8th. StockNews.com began coverage on shares of U.S. Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research reduced their target price on shares of U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. Finally, Bank of America lifted their target price on shares of U.S. Bancorp from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and an average price target of $62.77.
Shares of U.S. Bancorp stock opened at $46.50 on Thursday. The firm has a fifty day simple moving average of $49.94 and a 200-day simple moving average of $54.43. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. 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 price-to-earnings ratio of 10.02, a PEG ratio of 1.58 and a beta of 0.98.
U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 during 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. U.S. Bancorp’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that U.S. Bancorp will post 4.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis 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 currently 39.66%.
U.S. Bancorp 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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