Dodge & Cox lessened its stake in shares of U.S. Bancorp (NYSE:USB – Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,300 shares of the financial services provider’s stock after selling 400 shares during the quarter. Dodge & Cox’s holdings in U.S. Bancorp were worth $1,138,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of USB. Vanguard Group Inc. lifted its stake in shares of U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after acquiring an additional 6,479,642 shares during the period. FMR LLC raised its holdings in U.S. Bancorp by 1.8% during the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock worth $1,238,765,000 after purchasing an additional 674,583 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in U.S. Bancorp by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock valued at $1,459,363,000 after purchasing an additional 2,598,163 shares during the period. Aristotle Capital Management LLC lifted its position in U.S. Bancorp by 266.6% in the third 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. Finally, Northern Trust Corp boosted its holdings in U.S. Bancorp by 7.7% in the 3rd quarter. Northern Trust Corp now owns 19,334,910 shares of the financial services provider’s stock valued at $639,212,000 after purchasing an additional 1,388,401 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp Stock Performance
NYSE:USB opened at $38.83 on Friday. The company has a market cap of $60.59 billion, a P/E ratio of 12.86, a P/E/G ratio of 3.74 and a beta of 1.04. The firm’s 50 day moving average is $40.73 and its two-hundred day moving average is $41.69. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company posted $1.16 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 3.84 EPS for the current year.
Wall Street Analysts Forecast Growth
USB has been the topic of a number of analyst reports. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. 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 research note on Thursday, April 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. DA Davidson lowered 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. Finally, StockNews.com upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Hold” and an average target price of $46.02.
Check Out Our Latest Analysis 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
