Vivaldi Capital Management LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 10.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,220 shares of the financial services provider’s stock after buying an additional 756 shares during the quarter. Vivaldi Capital Management LLC’s holdings in U.S. Bancorp were worth $427,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of USB. Haverford Trust Co. raised its position in U.S. Bancorp by 7.2% during the 1st quarter. Haverford Trust Co. now owns 23,416 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 1,582 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its position in U.S. Bancorp by 19.4% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 6,617 shares of the financial services provider’s stock worth $341,000 after buying an additional 1,075 shares during the last quarter. Investment Partners Ltd. OH ADV raised its position in U.S. Bancorp by 33.6% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock worth $415,000 after buying an additional 2,024 shares during the last quarter. Lincoln National Corp raised its position in U.S. Bancorp by 0.5% during the 1st quarter. Lincoln National Corp now owns 23,713 shares of the financial services provider’s stock worth $1,221,000 after buying an additional 126 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in U.S. Bancorp during the 1st quarter worth approximately $60,650,000. 74.20% of the stock is owned by institutional investors.
Shares of U.S. Bancorp (NYSE USB) opened at $54.65 on Monday. U.S. Bancorp has a one year low of $43.83 and a one year high of $56.61. The stock has a market cap of $91,101.55, a price-to-earnings ratio of 16.22, a P/E/G 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 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 firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s dividend payout ratio (DPR) is currently 35.61%.
USB has been the subject of a number of recent research reports. Nomura raised their price target on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of 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 set a $58.00 price target (up 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 set a $48.00 price target on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.82.
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U.S. Bancorp Company 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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