Gabelli Funds LLC Has $6.97 Million Stake in U.S. Bancorp (USB)

Gabelli Funds LLC grew its position in U.S. Bancorp (NYSE:USB) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,000 shares of the financial services provider’s stock after acquiring an additional 65,000 shares during the period. Gabelli Funds LLC’s holdings in U.S. Bancorp were worth $6,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of U.S. Bancorp by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after buying an additional 1,727,498 shares during the last quarter. New England Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 52.5% during the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock worth $1,368,451,000 after buying an additional 9,150,126 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of U.S. Bancorp by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after buying an additional 110,571 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of U.S. Bancorp by 5,598.0% during the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock worth $656,975,000 after buying an additional 12,431,466 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of U.S. Bancorp by 1.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,625,567 shares of the financial services provider’s stock worth $603,599,000 after buying an additional 118,063 shares during the last quarter. 73.95% of the stock is owned by institutional investors.

Shares of U.S. Bancorp (NYSE USB) opened at $54.46 on Monday. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.61. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The firm has a market cap of $90,380.00, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85.

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 for the quarter, hitting the consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.60 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The business’s revenue was up 4.1% on a year-over-year basis. equities analysts expect that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 35.71%.

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $54.73.

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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.

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

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