TrinityPoint Wealth LLC bought a new position in U.S. Bancorp (NYSE:USB – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,110 shares of the financial services provider’s stock, valued at approximately $308,000.
A number of other hedge funds also recently added to or reduced their stakes in USB. Financial Advocates Investment Management boosted its stake in U.S. Bancorp by 9.4% during the 4th quarter. Financial Advocates Investment Management now owns 32,649 shares of the financial services provider’s stock valued at $1,413,000 after purchasing an additional 2,802 shares during the period. German American Bancorp Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at $234,000. First National Advisers LLC boosted its position in U.S. Bancorp by 104.7% during the 4th quarter. First National Advisers LLC now owns 55,023 shares of the financial services provider’s stock worth $2,382,000 after acquiring an additional 28,149 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth $54,000. Finally, Kingsview Wealth Management LLC increased its holdings in shares of U.S. Bancorp by 26.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 246,471 shares of the financial services provider’s stock valued at $10,667,000 after purchasing an additional 51,915 shares during the period. 77.60% of the stock is currently owned by institutional investors.
U.S. Bancorp Price Performance
NYSE USB opened at $39.78 on Wednesday. The firm has a market capitalization of $62.08 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 3.90 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The company has a 50 day simple moving average of $41.91 and a 200-day simple moving average of $41.51. U.S. Bancorp has a 52-week low of $29.33 and a 52-week high of $45.85.
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. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates 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 was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. Equities research analysts predict that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is presently 64.90%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on USB shares. DA Davidson decreased their target price on shares of 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. Oppenheimer decreased their price objective on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company dropped their target price on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. cut their price objective on U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.02.
Check Out Our Latest Analysis on USB
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
