&Partners acquired a new stake in shares of U.S. Bancorp (NYSE:USB – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,297 shares of the financial services provider’s stock, valued at approximately $281,000.
A number of other institutional investors and hedge funds have also made changes to their positions in USB. Norges Bank bought a new stake in U.S. Bancorp during the fourth quarter worth approximately $827,370,000. Aristotle Capital Management LLC boosted its stake in U.S. Bancorp by 266.6% during the third quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after buying an additional 17,066,479 shares during the period. Vanguard Group Inc. increased its position in U.S. Bancorp by 5.0% during the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after acquiring an additional 6,479,642 shares during the last quarter. Boston Partners purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at $154,517,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of U.S. Bancorp by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on USB. Evercore ISI upped their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $53.00 in a report on Thursday, March 28th. UBS Group decreased 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. Oppenheimer lowered their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, Barclays decreased their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.02.
Get Our Latest Report on U.S. Bancorp
U.S. Bancorp Trading Up 1.1 %
NYSE USB opened at $39.70 on Monday. The company has a market capitalization of $61.95 billion, a PE ratio of 13.15, a P/E/G ratio of 3.77 and a beta of 1.04. The company has a fifty day moving average of $40.40 and a 200 day moving average of $41.72. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $30.47 and a 1 year high of $45.85.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating 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 company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned $1.16 earnings per share. U.S. Bancorp’s quarterly revenue was down 6.4% on a year-over-year basis. Research analysts forecast that U.S. Bancorp will post 3.85 earnings per share for the current year.
U.S. Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.49 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a yield of 4.94%. U.S. Bancorp’s dividend payout ratio is currently 64.90%.
About U.S. Bancorp
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
