Gateway Investment Advisers LLC lowered its position in U.S. Bancorp (NYSE:USB – Free Report) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,010 shares of the financial services provider’s stock after selling 403 shares during the quarter. Gateway Investment Advisers LLC’s holdings in U.S. Bancorp were worth $269,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of USB. CGC Financial Services LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $27,000. Naples Money Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $30,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in shares of U.S. Bancorp during the 1st quarter worth approximately $30,000. Institutional investors own 77.60% of the company’s stock.
U.S. Bancorp Stock Down 0.8 %
Shares of U.S. Bancorp stock opened at $39.69 on Thursday. 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 has a 12 month low of $30.47 and a 12 month high of $45.85. The business has a fifty day simple moving average of $40.36 and a 200 day simple moving average of $41.73. The stock has a market cap of $61.93 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04.
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 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 3.84 EPS for the current year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.94%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Wells Fargo & Company cut their target price on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. UBS Group cut their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barclays cut their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. DA Davidson cut their target price on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Oppenheimer cut their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.02.
View Our Latest Stock Report on USB
U.S. Bancorp Company 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
