U.S. Bancorp (USB) Position Reduced by Rothschild Investment Corp IL

Rothschild Investment Corp IL decreased its position in shares of U.S. Bancorp (NYSE:USB) by 24.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,848 shares of the financial services provider’s stock after selling 4,750 shares during the period. Rothschild Investment Corp IL’s holdings in U.S. Bancorp were worth $784,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Private Capital Group LLC increased its holdings in shares of U.S. Bancorp by 797.1% in the first quarter. Private Capital Group LLC now owns 9,590 shares of the financial services provider’s stock valued at $487,000 after buying an additional 8,521 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of U.S. Bancorp by 33.4% in the first quarter. NEXT Financial Group Inc now owns 5,536 shares of the financial services provider’s stock valued at $280,000 after buying an additional 1,387 shares in the last quarter. M Holdings Securities Inc. bought a new position in shares of U.S. Bancorp in the first quarter valued at $255,000. WINTON GROUP Ltd increased its holdings in shares of U.S. Bancorp by 17.7% in the first quarter. WINTON GROUP Ltd now owns 15,264 shares of the financial services provider’s stock valued at $771,000 after buying an additional 2,296 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of U.S. Bancorp by 7,156.8% in the first quarter. Summit Trail Advisors LLC now owns 314,365 shares of the financial services provider’s stock valued at $314,000 after buying an additional 310,033 shares in the last quarter. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:USB opened at $52.90 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50. The firm has a market cap of $86.03 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the business earned $0.88 EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that U.S. Bancorp will post 4.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.37 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, September 27th. U.S. Bancorp’s payout ratio is 43.27%.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the sale, the insider now directly owns 98,371 shares of the company’s stock, valued at approximately $5,086,764.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.43% of the stock is owned by insiders.

Several research firms have issued reports on USB. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Macquarie raised U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the company from $56.00 to $62.00 in a report on Wednesday, October 10th. Finally, Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a report on Monday, July 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.72.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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