Garde Capital Inc. purchased a new position in shares of U.S. Bancorp (NYSE:USB – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,537 shares of the financial services provider’s stock, valued at approximately $110,000.
Other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $27,000. Naples Money Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $30,000. Finally, Quarry LP bought a new position in U.S. Bancorp during the fourth quarter worth $45,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.
U.S. Bancorp Trading Down 1.1 %
NYSE USB opened at $38.83 on Friday. The firm has a market capitalization of $60.59 billion, a P/E ratio of 12.86, a PEG ratio of 3.78 and a beta of 1.04. The business has a fifty day simple moving average of $40.73 and a 200 day simple moving average of $41.66. U.S. Bancorp has a 12 month low of $30.47 and a 12 month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. On average, analysts predict that U.S. Bancorp will post 3.84 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on USB shares. DA Davidson dropped their target price on shares of U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Jefferies Financial Group boosted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. StockNews.com raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Finally, Barclays lowered their price target on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.02.
View Our Latest Report on U.S. Bancorp
U.S. Bancorp 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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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Source: defenseworld.net
