Noked Capital LTD Acquires New Stake in U.S. Bancorp (USB)

Noked Capital LTD acquired a new stake in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,000 shares of the financial services provider’s stock, valued at approximately $777,000. U.S. Bancorp comprises about 0.7% of Noked Capital LTD’s holdings, making the stock its 23rd largest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. WESPAC Advisors SoCal LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth about $27,000. Gantzert Investment Co. LLC ADV bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $32,000. Centerpoint Advisors LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $45,000. Athena Capital Advisors LLC bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $46,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in U.S. Bancorp during the 4th quarter valued at approximately $49,000. 74.84% of the stock is currently owned by institutional investors.

NYSE:USB opened at $50.87 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The company has a market capitalization of $82.21 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.68 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that U.S. Bancorp will post 4.35 earnings per share for the current fiscal year.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total value of $758,955.50. Following the sale, the insider now owns 61,737 shares of the company’s stock, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

Several analysts recently issued reports on the company. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Monday, January 28th. Jefferies Financial Group downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Barclays lifted their target price on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Zacks Investment Research reissued a “hold” rating on shares of U.S. Bancorp in a research note on Monday, December 31st. Finally, Standpoint Research downgraded U.S. Bancorp from a “buy” rating to a “hold” rating and lifted their target price for the company from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.00.

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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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