AEGON ASSET MANAGEMENT UK Plc lessened its stake in U.S. Bancorp (NYSE:USB – Get Rating) by 17.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 773,516 shares of the financial services provider’s stock after selling 165,829 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.05% of U.S. Bancorp worth $27,862,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Retirement Financial Solutions LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management acquired a new position in U.S. Bancorp in the 4th quarter valued at $26,000. EWG Elevate Inc. purchased a new position in U.S. Bancorp during the 4th quarter worth $28,000. SRS Capital Advisors Inc. lifted its stake in shares of U.S. Bancorp by 46.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 673 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 215 shares during the period. Finally, AXS Investments LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $33,000. 74.61% of the stock is owned by hedge funds and other institutional investors.
U.S. Bancorp Trading Up 0.2 %
Shares of USB traded up $0.08 on Friday, hitting $32.31. 2,915,164 shares of the stock traded hands, compared to its average volume of 14,978,342. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $49.95. The stock’s 50 day moving average is $31.79 and its two-hundred day moving average is $39.40. The firm has a market capitalization of $49.53 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.12 and a beta of 0.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.90.
U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09). The business had revenue of $7.18 billion for the quarter, compared to analysts’ expectations of $7.14 billion. U.S. Bancorp had a return on equity of 16.70% and a net margin of 19.21%. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.59 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Thursday, June 29th. U.S. Bancorp’s dividend payout ratio is currently 51.06%.
Insider Transactions at U.S. Bancorp
In related news, Director Scott W. Wine bought 30,438 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was purchased at an average cost of $32.85 per share, for a total transaction of $999,888.30. Following the completion of the acquisition, the director now owns 30,438 shares in the company, valued at $999,888.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Scott W. Wine purchased 30,438 shares of the stock in a transaction on Friday, April 28th. The stock was purchased at an average price of $32.85 per share, with a total value of $999,888.30. Following the completion of the transaction, the director now owns 30,438 shares in the company, valued at $999,888.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan B. Colberg purchased 10,000 shares of the company’s stock in a transaction on Friday, April 21st. The shares were purchased at an average price of $34.14 per share, with a total value of $341,400.00. Following the completion of the purchase, the director now directly owns 10,050 shares of the company’s stock, valued at $343,107. The disclosure for this purchase can be found here. Insiders have purchased a total of 76,698 shares of company stock worth $2,446,082 in the last three months. Company insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets
USB has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. Barclays reduced their price target on U.S. Bancorp from $68.00 to $52.00 in a report on Wednesday, April 12th. Citigroup dropped their price objective on U.S. Bancorp from $39.00 to $33.00 in a report on Sunday, June 11th. JPMorgan Chase & Co. reduced their target price on U.S. Bancorp from $52.50 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 10th. Finally, Royal Bank of Canada lowered their price target on shares of U.S. Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $49.84.
U.S. Bancorp Company Profile
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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