U.S. Bancorp (USB) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 40.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,212 shares of the financial services provider’s stock after selling 3,552 shares during the quarter. Gilbert & Cook Inc.’s holdings in U.S. Bancorp were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Everence Capital Management Inc. boosted its stake in U.S. Bancorp by 9.3% in the third quarter. Everence Capital Management Inc. now owns 61,612 shares of the financial services provider’s stock valued at $3,302,000 after acquiring an additional 5,240 shares during the period. Cidel Asset Management Inc. boosted its stake in U.S. Bancorp by 24.2% in the third quarter. Cidel Asset Management Inc. now owns 337,384 shares of the financial services provider’s stock valued at $18,080,000 after acquiring an additional 65,718 shares during the period. Artemis Investment Management LLP boosted its stake in U.S. Bancorp by 51.2% in the third quarter. Artemis Investment Management LLP now owns 279,606 shares of the financial services provider’s stock valued at $14,980,000 after acquiring an additional 94,733 shares during the period. Howland Capital Management LLC boosted its stake in U.S. Bancorp by 23.0% in the third quarter. Howland Capital Management LLC now owns 76,486 shares of the financial services provider’s stock valued at $4,099,000 after acquiring an additional 14,288 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in U.S. Bancorp by 6.3% in the third quarter. Canada Pension Plan Investment Board now owns 2,866,820 shares of the financial services provider’s stock valued at $153,633,000 after acquiring an additional 171,100 shares during the period. 73.95% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp (NYSE USB) opened at $54.46 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $90,043.98, a P/E ratio of 16.16, a PEG ratio of 2.11 and a beta of 0.85. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. research analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. U.S. Bancorp’s dividend payout ratio is presently 35.61%.

A number of equities analysts have commented on USB shares. Citigroup restated a “neutral” rating and issued a $58.00 target price (up from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Jefferies Group restated a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 12th. Nomura downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Bank of America downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $56.00 to $54.00 in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and an average target price of $54.73.

COPYRIGHT VIOLATION WARNING: “U.S. Bancorp (USB) Shares Sold by Gilbert & Cook Inc.” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/23/u-s-bancorp-usb-shares-sold-by-gilbert-cook-inc.html.

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.

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit