American Century Companies Inc. lowered its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 14.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,961,211 shares of the financial services provider’s stock after selling 996,477 shares during the period. American Century Companies Inc. owned about 0.38% of U.S. Bancorp worth $197,078,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Scotia Capital Inc. increased its position in shares of U.S. Bancorp by 2.9% during the third quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 990 shares during the period. National Bank of Canada FI increased its position in shares of U.S. Bancorp by 292.1% during the third quarter. National Bank of Canada FI now owns 1,386,413 shares of the financial services provider’s stock worth $44,555,000 after buying an additional 1,032,866 shares during the period. Van ECK Associates Corp increased its position in shares of U.S. Bancorp by 19.4% during the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock worth $286,874,000 after buying an additional 1,410,324 shares during the period. First Financial Bank Trust Division increased its position in shares of U.S. Bancorp by 3.0% during the third quarter. First Financial Bank Trust Division now owns 34,355 shares of the financial services provider’s stock worth $1,136,000 after buying an additional 1,009 shares during the period. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of U.S. Bancorp during the third quarter worth $1,912,000. Institutional investors own 75.40% of the company’s stock.
Wall Street Analysts Forecast Growth
USB has been the subject of a number of research reports. StockNews.com cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Barclays raised their price target on shares of U.S. Bancorp from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Company raised their price target on shares of U.S. Bancorp from $43.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Oppenheimer raised their price target on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, Stephens cut shares of U.S. Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.35.
Get Our Latest Analysis on USB
Insiders Place Their Bets
In other news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Timothy A. Welsh sold 12,100 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the sale, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,021 shares of company stock valued at $3,560,833. Company insiders own 0.23% of the company’s stock.
U.S. Bancorp Stock Down 0.7 %
USB opened at $43.21 on Wednesday. The firm has a market capitalization of $67.33 billion, a P/E ratio of 13.17, a PEG ratio of 2.22 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a fifty-two week low of $27.27 and a fifty-two week high of $45.85. The company’s 50-day moving average is $41.88 and its 200 day moving average is $38.33.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Research analysts expect that U.S. Bancorp will post 3.92 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.54%. U.S. Bancorp’s dividend payout ratio is 59.76%.
About U.S. Bancorp
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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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