Hayek Kallen Investment Management raised its stake in shares of U.S. Bancorp (NYSE:USB) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,358 shares of the financial services provider’s stock after acquiring an additional 1,797 shares during the period. Hayek Kallen Investment Management’s holdings in U.S. Bancorp were worth $1,387,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of U.S. Bancorp by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after purchasing an additional 2,071,326 shares during the last quarter. Morgan Stanley increased its position in shares of U.S. Bancorp by 32.7% during the 3rd quarter. Morgan Stanley now owns 5,506,411 shares of the financial services provider’s stock valued at $290,793,000 after purchasing an additional 1,358,026 shares during the last quarter. FIL Ltd increased its holdings in U.S. Bancorp by 14.2% in the 3rd quarter. FIL Ltd now owns 7,543,687 shares of the financial services provider’s stock worth $398,382,000 after acquiring an additional 937,634 shares in the last quarter. Wells Fargo & Company MN increased its holdings in 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 worth $1,182,431,000 after acquiring an additional 750,796 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new stake in U.S. Bancorp in the 2nd quarter worth approximately $37,260,000. Institutional investors and hedge funds own 75.27% of the company’s stock.
In related news, Director David B. Omaley sold 10,902 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $53.66, for a total value of $585,001.32. Following the completion of the sale, the director now directly owns 212,789 shares in the company, valued at $11,418,257.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Leslie V. Godridge sold 14,737 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,404 shares of company stock valued at $2,722,228. 0.43% of the stock is owned by corporate insiders.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. ValuEngine lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $58.00.
Shares of NYSE USB traded down $0.37 during midday trading on Friday, reaching $50.58. 8,676,140 shares of the stock traded hands, compared to its average volume of 6,899,822. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $82.34 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.56 and a beta of 1.08. U.S. Bancorp has a one year low of $43.14 and a one year high of $56.10.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.73 billion. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts predict that U.S. Bancorp will post 4.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.37 dividend. 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 dividend payout ratio is presently 36.10%.
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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