Jupiter Asset Management Ltd increased the percentage of U.S.
Bancorp (NYSE: USB) shares that it owned by 1,461.2% during the third quarter, as stated in the most recent filing that the company made with the Securities and Exchange Commission.
After making further purchases of 647,102 stock units throughout the period above, the institutional investor now holds a total of 691,389 shares of the stock held by the supplier of financial services.
The most recent report submitted to the Securities and Exchange Commission by Jupiter Asset Management Ltd indicated that the value of their holdings in U.S.
Bancorp amounted to $27,876,000.
Several of the company’s other important investors have made recent adjustments to their stakes.
During the second quarter, FMR LLC increased the percentage of U.S.
Bancorp stock owned by 32.0%.
After purchasing an additional 5,628,247 shares during the period in question, FMR LLC now has 23,223,435 shares of the financial services provider’s stock, valued at $1,068,742,000.
The increase in Federated Hermes INC’s stake in U.S.
Bancorp occurred during the second quarter was 89.0%. Federated Hermes INC now directly holds 5,621,335 shares of the financial services provider’s stock, valued at $258,694,000 after the acquisition of an additional 2,646,898 shares throughout the time in question. Renaissance Technologies LLC increased its holdings in U.S.
Bancorp during the second quarter by 294.1 percent.
After purchasing an additional 1,959,000 shares during the most recent period, Renaissance Technologies LLC now owns 2,625,200 shares of the financial services provider’s stock.
The value of these shares on the market as of right now is $120.812 million.
During the first three months of the year, Charles Schwab Investment Management INC increased the percentage of U.S.
Bancorp stock owned by 7.9%.
After purchasing an additional 1,622,711 shares during the period, Charles Schwab Investment Management INC now has a total of 22,052,957 shares of the financial services provider’s stock, which are worth a total of $1,172,115.
And finally, during the third quarter, the National Bank of Canada increased the percentage of U.S.
Bancorp shares it owned by 81.6 percent.
After purchasing an additional 1,189,988 shares during the time frame in question, National Bank of Canada FI now has a total of 1,335,713 shares of the financial services provider’s stock, which is currently valued at $53,886,000. 71.83% of the company’s shares are owned by institutional investors who have purchased large blocks of stock.
On Monday, December 12, Andrew Cecere, Chief Executive Officer of the company, made a transaction in which he sold 84,948 shares of the company’s stock. Related news follows.
The price per share was $43.51 on average, and a total of $3,696,087.48 was realized from the stock sale. Following the completion of the transaction, the chief executive officer now directly controls 956,742 company shares with a combined value of about 41,627,844.42 dollars. On the website of the Securities and Exchange Commission, one can have access to the legal file that contains the disclosure of the transaction. On December 12, the Chief Executive Officer of U.S.
Bancorp, Andrew Cecere, sold 84,948 shares of the company’s stock.
This is another piece of news about U.S.
Bancorp.
The stock was sold for $3,696,087.48, corresponding to an average price of $43.51 per share, which was used to calculate the profit.
After the deal’s completion, the CEO gained ownership of 956 742 shares of the company’s stock, which is currently valued at around USD 41,627,844.42.
If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction.
Terrance R.
Dolan, the company’s chief financial officer, sold an additional 15,000 company stock on Friday, November 18.
The shares were sold at an average price of $43.34 per share for a total sale volume of $650,100.00.
As a direct result of the transaction, the company’s chief financial officer now holds direct ownership of 138,051 shares of the company’s stock.
These shares have an approximate value of $5,983,130.34.
Disclosures that are related to the sale might be found in this section of the website.
There is currently insider ownership of 0.23% of the company’s stock.
During trading on Friday, the price of a share of U.S.
Bancorp fell by $0.05, bringing it to a price of $48.72.
There were 1,109,613 transactions involving the stock, and the volume of shares traded on an average day was 8,567,860.
A price-to-earnings ratio of 13.15, a beta value of 0.98, and a price-to-earnings-growth ratio of 1.50 are some of the metrics associated with the company’s stock.
Its current market value is $72.39 billion, giving it a market capitalization.
The all-time low for U.S.
Bancorp over the past year is $38.39, and the all-time high for U.S.
Bancorp over the past year is $59.92.
A debt-to-equity ratio of 0.90, a current ratio of 0.79, and a quick ratio of 0.78 are all values for this calculation.
The stock price has recently reached $45.73, and its 50-day moving average and its 200-day moving average have both reached $44.94, respectively.
On January 25, U.S.
Bancorp (NYSE: USB) shared the financial results of its fourth-quarter operations with the public.
The company that provides financial services reported earnings per share for the quarter that came in at $1.20, which was $0.09 higher than the consensus estimate of $1.11 for that metric. However, the company could only bring in total revenue of $6.37 billion during the quarter, even though market analysts predicted it would bring in total revenue of $6.61 billion.
The return on equity for U.S.
Bancorp was 16.13%, and the net margin for the company was 21.26%.
The percentage increase in the company’s quarterly revenue compared to the previous year’s numbers was 12.0%.
The company posted earnings of $1.07 per share during the same period the year before when compared to the current year.
According to estimates provided by sell-side analysts, U.S.
Bancorp will bring in $5.03 in profits per share for the current financial year.
In addition, on January 17, the company announced and distributed a quarterly dividend, which was then paid to shareholders.
This dividend was paid out.
Investors whose shares were recorded as owned as December 30 were eligible to receive a $0.48 dividend payment per share. On December 29, the dividend payment, which was initially subject to certain deductions, finally got underway.
This equates to a dividend payment of $1.92 on an annualized basis and a dividend yield of 3.94% on the stock.
At this time, the dividend payout ratio (DPR) for U.S.
Bancorp is calculated to be 51.75 percent.
USB has recently been the subject of commentary from several research organizations.
The price objective that Barclays has set for the shares of U.S.
Bancorp has increased from $62.00 to $68.00, as stated in a research report disseminated on Tuesday, January 3, by Barclays.
In addition, the company changed the stock rating from “equal weight” to “overweight.” In a research note on December 20, DA Davidson announced that the firm would begin covering U.S.
Bancorp shares.
The announcement was made in the context of the note.
They assigned a “neutral” rating to the stock and projected it would reach $47.00 in price.
In a research note released on Monday, Keefe, Bruyette & Woods boosted their price objective for U.S.
Bancorp from $52.00 to $58.00.
During the same period, the brokerage firm lowered its rating on shares of U.S.
Bancorp from “outperform” to “outperform.” In a research report that was published on Thursday, January 26, by StockNews.com, the company assigned a recommendation of “sell” to the stock of U.S.
Bancorp. Oppenheimer upgraded U.S.
Bancorp from an “outperform” rating to a “market perform” rating and increased their price target on the stock from $74.00 to $77.00 in a research report that was published on Thursday, February 2. One equity research expert believes that investors should sell the stock, eight believe that investors should keep their current holdings, seven believe that investors should buy the stock, and one believes that investors should sell the stock.
According to Bloomberg.com, the current consensus rating for the company is “Hold,” and the current consensus target price is $54.39 per share.
Source: beststocks.com
