Oarsman Capital Inc. boosted its holdings in U.S. Bancorp (NYSE:USB) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,430 shares of the financial services provider’s stock after purchasing an additional 488 shares during the quarter. Oarsman Capital Inc.’s holdings in U.S. Bancorp were worth $593,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Shelton Capital Management boosted its holdings in U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in U.S. Bancorp by 16.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares during the period. Bank of Montreal Can boosted its holdings in U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock worth $320,434,000 after purchasing an additional 159,319 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in U.S. Bancorp by 13.1% in the first quarter. Stratos Wealth Partners LTD. now owns 40,541 shares of the financial services provider’s stock worth $2,088,000 after purchasing an additional 4,683 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in U.S. Bancorp by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 6,968,670 shares of the financial services provider’s stock worth $358,887,000 after purchasing an additional 73,504 shares during the period. 74.23% of the stock is owned by hedge funds and other institutional investors.
Shares of U.S. Bancorp (NYSE:USB) opened at $51.61 on Friday. U.S. Bancorp has a one year low of $47.43 and a one year high of $56.61. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The firm has a market cap of $86,476.08, a PE ratio of 15.46, a P/E/G ratio of 2.03 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. research analysts predict that U.S. Bancorp will post 3.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.30 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, September 28th. U.S. Bancorp’s payout ratio is currently 35.61%.
A number of equities analysts have commented on the stock. J P Morgan Chase & Co decreased their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $53.82.
U.S. Bancorp Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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