EagleClaw Capital Managment LLC raised its position in shares of U.S. Bancorp (NYSE:USB) by 3.0% in the first quarter, HoldingsChannel.com reports. The firm owned 6,883 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in U.S. Bancorp were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its stake in shares of U.S. Bancorp by 25.1% during the 4th quarter. Cetera Advisors LLC now owns 27,885 shares of the financial services provider’s stock valued at $1,277,000 after purchasing an additional 5,596 shares during the period. BTIM Corp. grew its stake in shares of U.S. Bancorp by 3.8% during the 1st quarter. BTIM Corp. now owns 1,605,781 shares of the financial services provider’s stock valued at $77,383,000 after purchasing an additional 58,254 shares during the period. Legal & General Group Plc grew its stake in shares of U.S. Bancorp by 5.7% during the 4th quarter. Legal & General Group Plc now owns 7,419,203 shares of the financial services provider’s stock valued at $339,026,000 after purchasing an additional 399,480 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $5,148,000. Finally, Cetera Advisor Networks LLC grew its stake in shares of U.S. Bancorp by 3.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 39,563 shares of the financial services provider’s stock valued at $1,811,000 after purchasing an additional 1,151 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
Shares of NYSE:USB opened at $52.12 on Friday. The company has a market cap of $85.58 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $55.56.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. On average, sell-side analysts expect that U.S. Bancorp will post 4.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.84%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.
In related news, Vice Chairman James B. Kelligrew sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.61, for a total value of $1,012,200.00. Following the transaction, the insider now directly owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the completion of the transaction, the insider now directly owns 39,330 shares in the company, valued at $2,026,674.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,233 shares of company stock valued at $1,907,734. 0.24% of the stock is currently owned by corporate insiders.
A number of equities research analysts have issued reports on the company. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, January 28th. Oppenheimer boosted their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $58.30.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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