Altium Wealth Management LLC increased its position in shares of U.S. Bancorp (NYSE:USB) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,900 shares of the financial services provider’s stock after purchasing an additional 1,795 shares during the quarter. Altium Wealth Management LLC’s holdings in U.S. Bancorp were worth $1,180,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. IMS Capital Management boosted its stake in shares of U.S. Bancorp by 2.0% in the 4th quarter. IMS Capital Management now owns 9,456 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 185 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in U.S. Bancorp by 0.9% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 20,310 shares of the financial services provider’s stock worth $1,124,000 after acquiring an additional 190 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in U.S. Bancorp by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 20,911 shares of the financial services provider’s stock worth $1,157,000 after acquiring an additional 199 shares during the last quarter. Equitable Trust Co. boosted its stake in U.S. Bancorp by 1.7% during the 2nd quarter. Equitable Trust Co. now owns 11,990 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 200 shares during the last quarter. Finally, Curbstone Financial Management Corp boosted its stake in U.S. Bancorp by 0.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 45,350 shares of the financial services provider’s stock worth $2,510,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
Several research analysts recently weighed in on USB shares. Bank of America lowered shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $55.00 to $53.00 in a research note on Monday, September 30th. Odeon Capital Group started coverage on shares of U.S. Bancorp in a research note on Thursday, December 5th. They set a “hold” rating on the stock. ValuEngine lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Goldman Sachs Group lowered shares of U.S. Bancorp from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Barclays restated a “buy” rating and set a $71.00 target price on shares of U.S. Bancorp in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $58.66.
Shares of NYSE USB traded up $0.26 during midday trading on Friday, reaching $55.45. The company’s stock had a trading volume of 126,101 shares, compared to its average volume of 6,572,425. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. U.S. Bancorp has a fifty-two week low of $47.57 and a fifty-two week high of $61.11. The stock has a market capitalization of $88.39 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 2.13 and a beta of 1.11. The stock has a 50 day simple moving average of $59.06 and a 200-day simple moving average of $56.06.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The company had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 4.34 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.03%. U.S. Bancorp’s payout ratio is 40.98%.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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