Oppenheimer & Co. Inc. boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,997 shares of the financial services provider’s stock after purchasing an additional 1,438 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in U.S. Bancorp were worth $7,128,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Shelton Capital Management grew its holdings in U.S. Bancorp by 51.2% during the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after buying an additional 45,116 shares in the last quarter. Twin Tree Management LP grew its holdings in U.S. Bancorp by 63.2% during the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 13,295 shares in the last quarter. Oarsman Capital Inc. grew its holdings in U.S. Bancorp by 4.5% during the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after buying an additional 488 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in U.S. Bancorp by 16.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after buying an additional 52,380 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in U.S. Bancorp by 7.5% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after buying an additional 14,678 shares in the last quarter. 73.95% of the stock is currently owned by institutional investors.
U.S. Bancorp (USB) opened at $55.32 on Monday. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $56.61. 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 $91,800.00, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.96 and a beta of 0.85.
The firm 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s payout ratio is currently 35.71%.
Several research firms have weighed in on USB. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Barclays raised their price target on U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Morgan Stanley raised their price target on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $55.71.
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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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