Jones Financial Companies Lllp cut its stake in U.S. Bancorp (NYSE:USB) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 201,690 shares of the financial services provider’s stock after selling 9,846 shares during the quarter. Jones Financial Companies Lllp’s holdings in U.S. Bancorp were worth $10,806,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Virtue Capital Management LLC purchased a new position in U.S. Bancorp in the fourth quarter worth approximately $102,000. Meeder Asset Management Inc. purchased a new position in U.S. Bancorp in the fourth quarter worth approximately $106,000. Phocas Financial Corp. purchased a new position in U.S. Bancorp in the second quarter worth approximately $109,000. Delpha Capital Management LLC purchased a new position in U.S. Bancorp in the fourth quarter worth approximately $109,000. Finally, James Hambro & Partners purchased a new position in U.S. Bancorp in the fourth quarter worth approximately $110,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
Several brokerages recently weighed in on USB. Vining Sparks reiterated a “hold” rating and issued a $61.00 price objective on shares of U.S. Bancorp in a research report on Thursday, January 25th. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Friday, February 2nd. JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price target on the stock. in a research note on Wednesday, January 31st. Royal Bank of Canada upped their price target on U.S. Bancorp to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Morgan Stanley upped their price target on U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $58.64.
Shares of U.S. Bancorp (NYSE USB) opened at $54.15 on Wednesday. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $58.50. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $90,871.13, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.89.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period last year, the firm earned $0.82 earnings per share. U.S. Bancorp’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts predict that U.S. Bancorp will post 4.05 EPS for the current year.
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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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