Tradition Capital Management LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 46,480 shares of the financial services provider’s stock after selling 1,290 shares during the period. Tradition Capital Management LLC’s holdings in U.S. Bancorp were worth $2,413,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in U.S. Bancorp in the 2nd quarter valued at $103,000. SRS Capital Advisors Inc. boosted 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. boosted 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 boosted 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, Sunbelt Securities Inc. boosted its position in U.S. Bancorp by 41.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,912 shares of the financial services provider’s stock valued at $201,000 after buying an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.
Shares of U.S. Bancorp (USB) opened at $54.65 on Monday. U.S. Bancorp has a 12 month low of $43.83 and a 12 month high of $56.61. The stock has a market capitalization of $91,101.55, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts forecast that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.30 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 35.61%.
A number of research analysts have recently weighed in on the company. J P Morgan Chase & Co cut their price target on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Nomura increased their price target on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Morgan Stanley increased their price target on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $53.82.
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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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