Ameriprise Financial Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 80.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,237,699 shares of the financial services provider’s stock after selling 12,917,647 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.21% of U.S. Bancorp worth $116,687,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. TAP Consulting LLC bought a new position in shares of U.S. Bancorp during the 1st quarter worth about $259,000. Advisor Group Holdings Inc. increased its stake in U.S. Bancorp by 11.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 836,343 shares of the financial services provider’s stock valued at $36,489,000 after acquiring an additional 87,888 shares during the period. MCF Advisors LLC raised its holdings in U.S. Bancorp by 80.8% in the 1st quarter. MCF Advisors LLC now owns 4,711 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 2,105 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of U.S. Bancorp by 9.3% in the 1st quarter. Venture Visionary Partners LLC now owns 9,419 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 800 shares during the period. Finally, Ascent Wealth Partners LLC grew its holdings in shares of U.S. Bancorp by 50.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 28,603 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 9,572 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp Price Performance
NYSE:USB opened at $35.15 on Monday. The firm has a market capitalization of $53.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $35.09. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $49.95.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). U.S. Bancorp had a return on equity of 16.53% and a net margin of 16.59%. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.44 EPS for the current year.
U.S. Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Thursday, September 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 53.19%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on USB shares. Raymond James upgraded shares of U.S. Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 20th. DA Davidson lifted their price objective on U.S. Bancorp from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Wedbush boosted their price target on U.S. Bancorp from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Barclays dropped their price objective on U.S. Bancorp from $52.00 to $48.00 in a research note on Tuesday, June 27th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $44.00 target price on shares of U.S. Bancorp in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.71.
View Our Latest Research Report on U.S. Bancorp
Insiders Place Their Bets
In other news, insider Timothy A. Welsh sold 13,816 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total transaction of $549,738.64. Following the transaction, the insider now owns 119,058 shares of the company’s stock, valued at $4,737,317.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Terrance R. Dolan sold 26,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.75, for a total transaction of $1,033,500.00. Following the completion of the sale, the chief financial officer now owns 166,992 shares in the company, valued at approximately $6,637,932. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy A. Welsh sold 13,816 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total value of $549,738.64. Following the transaction, the insider now owns 119,058 shares in the company, valued at $4,737,317.82. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
U.S. Bancorp Profile
(Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider U.S. Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and U.S. Bancorp wasn’t on the list.
While U.S. Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
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Source: marketbeat.com
Ameriprise Financial Inc. lessened its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 80.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,237,699 shares of the financial services provider’s stock after selling 12,917,647 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.21% of U.S. Bancorp worth $116,687,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. TAP Consulting LLC bought a new position in shares of U.S. Bancorp during the 1st quarter worth about $259,000. Advisor Group Holdings Inc. increased its stake in U.S. Bancorp by 11.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 836,343 shares of the financial services provider’s stock valued at $36,489,000 after acquiring an additional 87,888 shares during the period. MCF Advisors LLC raised its holdings in U.S. Bancorp by 80.8% in the 1st quarter. MCF Advisors LLC now owns 4,711 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 2,105 shares in the last quarter. Venture Visionary Partners LLC lifted its position in shares of U.S. Bancorp by 9.3% in the 1st quarter. Venture Visionary Partners LLC now owns 9,419 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 800 shares during the period. Finally, Ascent Wealth Partners LLC grew its holdings in shares of U.S. Bancorp by 50.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 28,603 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 9,572 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp Price Performance
NYSE:USB opened at $35.15 on Monday. The firm has a market capitalization of $53.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $35.09. U.S. Bancorp has a 1 year low of $27.27 and a 1 year high of $49.95.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). U.S. Bancorp had a return on equity of 16.53% and a net margin of 16.59%. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.44 EPS for the current year.
U.S. Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Thursday, September 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 53.19%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on USB shares. Raymond James upgraded shares of U.S. Bancorp from an “underperform” rating to a “market perform” rating in a research note on Thursday, July 20th. DA Davidson lifted their price objective on U.S. Bancorp from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 24th. Wedbush boosted their price target on U.S. Bancorp from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Barclays dropped their price objective on U.S. Bancorp from $52.00 to $48.00 in a research note on Tuesday, June 27th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $44.00 target price on shares of U.S. Bancorp in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.71.
View Our Latest Research Report on U.S. Bancorp
Insiders Place Their Bets
In other news, insider Timothy A. Welsh sold 13,816 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total transaction of $549,738.64. Following the transaction, the insider now owns 119,058 shares of the company’s stock, valued at $4,737,317.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Terrance R. Dolan sold 26,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.75, for a total transaction of $1,033,500.00. Following the completion of the sale, the chief financial officer now owns 166,992 shares in the company, valued at approximately $6,637,932. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy A. Welsh sold 13,816 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $39.79, for a total value of $549,738.64. Following the transaction, the insider now owns 119,058 shares in the company, valued at $4,737,317.82. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
U.S. Bancorp Profile
(Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider U.S. Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and U.S. Bancorp wasn’t on the list.
While U.S. Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Get This Free Report
Source: marketbeat.com
