Dynamic Capital Management Ltd acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,303 shares of the financial services provider’s stock, valued at approximately $927,000.
Several other large investors have also recently made changes to their positions in USB. Meeder Asset Management Inc. bought a new position in U.S. Bancorp during the fourth quarter valued at about $106,000. Phocas Financial Corp. bought a new position in U.S. Bancorp during the second quarter valued at about $109,000. Delpha Capital Management LLC bought a new position in U.S. Bancorp during the fourth quarter valued at about $109,000. James Hambro & Partners bought a new position in U.S. Bancorp during the fourth quarter valued at about $110,000. Finally, Horan Capital Advisors LLC. bought a new position in U.S. Bancorp during the third quarter valued at about $112,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
In related news, Vice Chairman P.W. Parker sold 98,485 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total transaction of $5,510,235.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Craig E. Gifford sold 45,890 shares of U.S. Bancorp stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,016 shares of company stock worth $9,356,775. 0.43% of the stock is owned by company insiders.
Shares of U.S. Bancorp (NYSE:USB) opened at $55.28 on Monday. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $58.50. The firm has a market capitalization of $91,317.14, a PE ratio of 16.12, a P/E/G ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts anticipate that U.S. Bancorp will post 4.05 EPS for the current year.
About U.S. Bancorp
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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