Raymond James & Associates cut its stake in U.S. Bancorp (NYSE:USB – Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,441,330 shares of the financial services provider’s stock after selling 229,037 shares during the period. Raymond James & Associates owned about 0.22% of U.S. Bancorp worth $148,941,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in U.S. Bancorp by 130,768.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider’s stock valued at $2,628,544,000 after acquiring an additional 60,227,825 shares during the last quarter. Mufg Bank LTD. grew its stake in shares of U.S. Bancorp by 54.1% in the third quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider’s stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. Aristotle Capital Management LLC increased its holdings in U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock valued at $775,842,000 after purchasing an additional 17,066,479 shares during the period. Norges Bank bought a new position in U.S. Bancorp during the 4th quarter valued at approximately $644,436,000. Finally, Vanguard Group Inc. raised its position in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.
U.S. Bancorp Stock Performance
Shares of NYSE USB opened at $43.59 on Monday. The firm’s 50-day moving average price is $41.85 and its 200-day moving average price is $38.69. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The company has a market cap of $67.92 billion, a PE ratio of 13.29, a PEG ratio of 2.24 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.05.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. As a group, analysts anticipate that U.S. Bancorp will post 3.89 EPS for the current year.
U.S. Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.
Insider Buying and Selling at U.S. Bancorp
In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now directly owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,265 shares of company stock valued at $2,535,903. 0.23% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on USB shares. The Goldman Sachs Group boosted their target price on U.S. Bancorp from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 19th. Oppenheimer reduced their target price on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Barclays lifted their price target on U.S. Bancorp from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Morgan Stanley raised their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, UBS Group upped their target price on shares of U.S. Bancorp from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $45.23.
Read Our Latest Stock Report on USB
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.
See Also
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Source: defenseworld.net
