U.S. Bancorp (NYSE:USB) Stock Holdings Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of U.S. Bancorp (NYSE:USBFree Report) by 5,381.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 460,221 shares of the financial services provider’s stock after purchasing an additional 451,825 shares during the quarter. Los Angeles Capital Management LLC’s holdings in U.S. Bancorp were worth $20,572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of USB. Somerset Trust Co grew its holdings in U.S. Bancorp by 2.1% during the first quarter. Somerset Trust Co now owns 26,126 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 540 shares during the period. Confluence Investment Management LLC acquired a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $92,192,000. HighPoint Advisor Group LLC bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $1,313,000. Accent Capital Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at approximately $424,000. Finally, Hennessy Advisors Inc. boosted its holdings in U.S. Bancorp by 53.3% during the fourth quarter. Hennessy Advisors Inc. now owns 23,000 shares of the financial services provider’s stock worth $995,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the company from $47.00 to $53.00 in a report on Thursday, March 28th. Evercore ISI upped their target price on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. UBS Group decreased their price target 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. Compass Point upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Jefferies Financial Group raised their target price on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $46.02.

View Our Latest Research Report on USB

U.S. Bancorp Stock Up 0.5 %

Shares of USB traded up $0.20 during midday trading on Wednesday, reaching $39.29. 6,308,932 shares of the stock were exchanged, compared to its average volume of 7,426,898. The company has a market cap of $61.31 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 3.75 and a beta of 1.04. The firm has a 50 day simple moving average of $40.54 and a 200-day simple moving average of $41.72. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85.

U.S. Bancorp (NYSE:USBGet Free Report) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Research analysts forecast that U.S. Bancorp will post 3.85 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.99%. U.S. Bancorp’s payout ratio is 64.90%.

U.S. Bancorp Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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