Schroder Investment Management Group Increases Holdings in U.S. Bancorp (USB)

Schroder Investment Management Group raised its position in shares of U.S. Bancorp (NYSE:USB) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,859,167 shares of the financial services provider’s stock after purchasing an additional 80,864 shares during the period. Schroder Investment Management Group’s holdings in U.S. Bancorp were worth $99,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp in the second quarter worth $103,000. Horan Capital Advisors LLC. bought a new position in shares of U.S. Bancorp in the third quarter worth $112,000. Phocas Financial Corp. bought a new position in shares of U.S. Bancorp in the second quarter worth $109,000. Pathstone Family Office LLC boosted its holdings in shares of U.S. Bancorp by 13.2% in 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. Finally, Cadence Bank NA bought a new position in shares of U.S. Bancorp in the third quarter worth $201,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Shares of U.S. Bancorp (NYSE USB) opened at $55.78 on Wednesday. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $56.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market capitalization of $92,570.00, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.15%. U.S. Bancorp’s payout ratio is 35.71%.

USB has been the subject of several research analyst reports. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Instinet lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Vining Sparks reissued a “buy” rating and set a $64.00 price objective on shares of U.S. Bancorp in a research note on Monday. Robert W. Baird reissued a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research note on Friday, October 6th. Finally, UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.22.

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

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