Studio Investment Management LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,026 shares of the financial services provider’s stock after selling 8,594 shares during the period. Studio Investment Management LLC’s holdings in U.S. Bancorp were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CGC Financial Services LLC bought a new position in U.S. Bancorp during the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $26,000. Planned Solutions Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Naples Money Management LLC bought a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Friedenthal Financial bought a new stake in U.S. Bancorp during the fourth quarter worth about $46,000. 77.60% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
USB has been the topic of several analyst reports. Barclays dropped their target price on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Oppenheimer dropped their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. UBS Group dropped their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Evercore ISI upped their target price on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, Jefferies Financial Group boosted their price target on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. 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 Stock Analysis on U.S. Bancorp
U.S. Bancorp Price Performance
U.S. Bancorp stock opened at $39.25 on Friday. The stock’s fifty day moving average price is $40.81 and its two-hundred day moving average price is $41.64. U.S. Bancorp has a one year low of $30.47 and a one year high of $45.85. 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 firm has a market cap of $61.25 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 3.78 and a beta of 1.04.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted 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. The firm 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 company’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. As a group, research analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.
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
