According to the most recent Securities & Exchange Commission filing, ) increased by 3.0% during the first quarter. The institutional investor now owns 403,561 of the stock of the financial services provider after purchasing an additional 11,632 during the first quarter. Financial Counselors Inc. held U.S. Bancorp shares worth $14,548,000 as of the latest reporting period.
Other hedge funds have also increased or decreased their stakes. Lincoln National Corp increased its stake in U.S. Bancorp shares by 0.7% over the last quarter. Lincoln National Corp owns 30,781 of the financial service provider's shares worth $1,342,000. This is after buying 202 additional shares during the last quarter. Gilbert & Cook Inc. increased its holdings of U.S. Bancorp shares by 1.7% in the fourth quarter. Gilbert & Cook Inc. owns 12,869 of the financial service provider's shares worth $561,000, after buying 210 additional shares during the last quarter. SRS Capital Advisors Inc. increased its holdings of U.S. Bancorp shares by 46.9% in the fourth quarter. SRS Capital Advisors Inc. owns 673 of the financial services provider stock, worth $29,000, after buying an additional 215 in the last quarter. Connolly Sarah T. increased its holdings of U.S. Bancorp shares by 0.9% in the fourth quarter. Connolly Sarah T. owns 24,389 of the financial service provider's shares worth $1,064,000. This is after buying an additional 220 in the last quarter. Vestcor Inc increased its holdings of U.S. Bancorp shares by 0.7% in the fourth quarter. Vestcor Inc owns 33480 shares worth $1,460,000, after buying 230 additional shares during the last quarter. In a transaction that took place on Monday, 8th May, 16,260 shares were purchased. Stock was bought at an average price of $30.59 for each share with a value of $497.393.40. The insider owns approximately $4,647.446.93 worth of shares after the transaction. Insider James B.Kelligrew bought 16,260 shares in a deal that took place on Monday, 8th May. Stock was purchased at an average price of $30.59 a share for a total of $497.393.40. After the transaction, an insider owns directly 151,927 company shares, worth approximately $4,647.446.93. In a transaction on Friday, 28th April, 30,438 shares were purchased. The shares were purchased at an average price of $32.85 for each share with a value of $999888.30. After the completion of this transaction, the director owns 30,438 company shares valued at $999 888.30. Insiders have purchased 66 698 shares of stock worth $2 104 682 in the past ninety-day period. Insiders control 0.24% the stock of their company.
Analysts set new price targets
Recent analyst reports have focused on USB. Wells Fargo & Company reduced their price target on U.S. Bancorp to $55.00 from $60.00 and gave the company an 'overweight rating' in a report published on Monday, 4th April. Oppenheimer raised their price target on U.S. Bancorp to $67.00 in a Thursday, April 20, research note. They also gave the stock a 'outperform rating'. JPMorgan Chase & Co. reduced their target price for U.S. Bancorp in a Monday, April 10, research note from $52.50 down to $45.00. The company was also given an 'overweight rating'. UBS Group downgraded U.S. Bancorp's rating from 'buy' to 'neutral" in a research report on Monday, 10th April. Odeon Capital Group downgraded U.S. Bancorp's rating from a "buy" to a "hold" in a research report on Friday, 23rd June. One analyst assigned the stock a sell, ten a hold and 11 a buy. According to data from MarketBeat.com the stock has an average rating 'Hold,' with a consensus target price of $48.58.
U.S. Bancorp Trading down 1.8 %
The opening price was $38.42. The company has a simple fifty-day moving average of 32.83 and a simple two hundred-day moving average at 38.09. U.S. Bancorp's twelve-month low is $27.27, and its twelve-month high is $49.95. The company's quick ratio is 0.80, its current ratio is 0.80, and it has a debt to equity ratio of 0.97%. The stock's market capitalization is $58.89 Billion, with a P/E of 10.64 and a PEG of 1.74. It has a beta value of 0.96.
The last time ) released its earnings was on Wednesday, 19th July. The financial services provider posted $1.12 per share for the quarter. This was below the consensus estimate of $1.1 by $0.01. U.S. Bancorp reported a return of equity of 16.53 % and a margin net of 16.59 %. The company's revenue was $7.17billion during the quarter compared with analysts' expectations. In the same quarter of the previous year, the company posted $1.09 in earnings per share. Revenue for the company was up 19.7% year-over-year. Research analysts expect U.S. Bancorp to post an average of 4.39 EPS in the current year.
U.S. Bancorp Dividend Announcement
A quarterly dividend was also announced by the business and paid out on Monday, 17th July. The $0.48 dividend was paid to stockholders who were in the books on Friday, 30th June. Ex-dividend day was Thursday, 29th June. This is a $1.92 dividend with a dividend yield 5.00%. U.S. Bancorp has a dividend payout ratio of 53.19%.
U.S. Bancorp Company profile
U.S. Bancorp is a financial holding company that provides a variety of financial services in the United States to individuals, small businesses, institutions, government entities, and other financial organizations. It has segments for Corporate and Commercial Banking (C&C), Consumer and Business Banking (C&B), Wealth Management and Investment Services (WMIS), Payment Services and Treasury and Corporate Support.
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