Atwood & Palmer Inc. raised its stake in U.S. Bancorp (NYSE:USB) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,683 shares of the financial services provider’s stock after buying an additional 2,726 shares during the quarter. Atwood & Palmer Inc.’s holdings in U.S. Bancorp were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth about $103,000. SRS Capital Advisors Inc. raised its position in U.S. Bancorp by 17.0% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock valued at $131,000 after buying an additional 371 shares during the last quarter. Orrstown Financial Services Inc. raised its position in U.S. Bancorp by 30.4% in the 2nd quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock valued at $152,000 after buying an additional 681 shares during the last quarter. Hudock Capital Group LLC raised its position in U.S. Bancorp by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after buying an additional 17 shares during the last quarter. Finally, Opus Capital Group LLC acquired a new stake in U.S. Bancorp in the 2nd quarter valued at approximately $202,000. 74.20% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on USB shares. Nomura lifted their target price on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and issued a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $54.06.
Shares of U.S. Bancorp (USB) opened at 54.26 on Tuesday. The company’s 50-day moving average price is $53.50 and its 200 day moving average price is $52.28. U.S. Bancorp has a 12-month low of $43.83 and a 12-month high of $56.61. The firm has a market capitalization of $90.76 billion, a PE ratio of 16.39 and a beta of 0.87.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period in the prior year, the company earned $0.84 earnings per share. U.S. Bancorp’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post $3.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.30 dividend. This is a positive change 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 2.21%. The ex-dividend date was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.
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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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