Abner Herrman & Brock LLC lessened its stake in U.S. Bancorp (NYSE:USB) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,692 shares of the financial services provider’s stock after selling 4,644 shares during the quarter. Abner Herrman & Brock LLC’s holdings in U.S. Bancorp were worth $2,225,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of U.S. Bancorp by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after buying an additional 750,796 shares during the period. Veritable L.P. boosted its stake in shares of U.S. Bancorp by 1.9% in the 3rd quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock valued at $6,885,000 after buying an additional 2,418 shares during the period. Creative Planning boosted its stake in shares of U.S. Bancorp by 1.0% in the 3rd quarter. Creative Planning now owns 313,653 shares of the financial services provider’s stock valued at $16,564,000 after buying an additional 3,100 shares during the period. Captrust Financial Advisors boosted its stake in shares of U.S. Bancorp by 33.8% in the 3rd quarter. Captrust Financial Advisors now owns 78,458 shares of the financial services provider’s stock valued at $4,171,000 after buying an additional 19,817 shares during the period. Finally, Lau Associates LLC purchased a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $317,000. Institutional investors and hedge funds own 75.18% of the company’s stock.
USB has been the subject of several recent analyst reports. Wedbush set a $58.00 target price on U.S. Bancorp and gave the stock a “hold” rating in a research note on Thursday, October 18th. ValuEngine cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research restated a “hold” rating on shares of U.S. Bancorp in a research note on Monday, December 31st. Barclays boosted their target price on U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Finally, Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $62.00 in a research note on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $58.91.
USB traded up $0.11 during trading on Friday, hitting $47.42. 2,503,890 shares of the stock were exchanged, compared to its average volume of 9,019,036. The firm has a market cap of $76.62 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.02. U.S. Bancorp has a 1-year low of $43.14 and a 1-year high of $58.50. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.91.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.04 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities analysts expect that U.S. Bancorp will post 4.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.12%. The ex-dividend date is Friday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 43.27%.
In other U.S. Bancorp news, Director David B. Omaley sold 10,902 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $53.66, for a total transaction of $585,001.32. Following the transaction, the director now owns 212,789 shares of the company’s stock, valued at $11,418,257.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $50.81, for a total value of $889,581.48. Following the completion of the transaction, the insider now directly owns 121,137 shares in the company, valued at approximately $6,154,970.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,073 shares of company stock worth $13,383,882. 0.43% of the stock is currently owned by corporate insiders.
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About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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