ZWJ Investment Counsel Inc. Has $17.41 Million Position in U.S. Bancorp (USB)

ZWJ Investment Counsel Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,775 shares of the financial services provider’s stock after selling 7,516 shares during the period. ZWJ Investment Counsel Inc. owned about 19,482.60% of U.S. Bancorp worth $17,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp during the second quarter worth $103,000. Phocas Financial Corp. acquired a new position in U.S. Bancorp during the second quarter worth $109,000. Pathstone Family Office LLC raised its position in U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 386 shares during the period. Hudock Capital Group LLC raised its position in U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares during the period. Finally, Cadence Bank NA acquired a new position in U.S. Bancorp during the third quarter worth $201,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Shares of U.S. Bancorp (USB) opened at $54.07 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $56.61. The stock has a market cap of $89,730.00, a PE ratio of 16.09, a P/E/G ratio of 2.12 and a beta of 0.85.

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 (EPS) for the quarter, meeting the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $5.60 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts expect that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.

A number of research firms have weighed in on USB. UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and issued a $62.00 target price on shares of U.S. Bancorp in a research report on Thursday, October 12th. Finally, Citigroup reiterated a “neutral” rating and issued a $58.00 target price (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.73.

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

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