Reliance Trust Co. of Delaware reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 39,359 shares of the financial services provider’s stock after selling 5,362 shares during the period. Reliance Trust Co. of Delaware’s holdings in U.S. Bancorp were worth $1,799,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gantzert Investment Co. LLC ADV purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $32,000. Ipswich Investment Management Co. Inc. purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $49,000. Contravisory Investment Management Inc. lifted its stake in U.S. Bancorp by 621.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,118 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 963 shares during the last quarter. Bell Rock Capital LLC lifted its stake in U.S. Bancorp by 16.9% in the fourth quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 210 shares during the last quarter. Finally, Veritas Investment Management LLP purchased a new position in U.S. Bancorp in the fourth quarter valued at approximately $100,000. 75.77% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on USB. Zacks Investment Research downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Monday, January 28th. Finally, Deutsche Bank downgraded U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and an average target price of $58.00.
Shares of USB stock opened at $50.55 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $56.10. The firm has a market cap of $81.74 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.
U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that U.S. Bancorp will post 4.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.93%. U.S. Bancorp’s payout ratio is 36.10%.
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U.S. Bancorp Profile
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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