Dimensional Fund Advisors LP raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,937,890 shares of the financial services provider’s stock after purchasing an additional 17,309 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.30% of U.S. Bancorp worth $264,618,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stelac Advisory Services LLC purchased a new stake in U.S. Bancorp during the second quarter valued at about $103,000. Horan Capital Advisors LLC. purchased a new stake in U.S. Bancorp during the third quarter valued at about $112,000. Phocas Financial Corp. purchased a new stake in U.S. Bancorp during the second quarter valued at about $109,000. Pathstone Family Office LLC lifted its holdings in U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares during the last quarter. Finally, Cadence Bank NA purchased a new stake in U.S. Bancorp during the third quarter valued at about $201,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of U.S. Bancorp (NYSE:USB) opened at $56.98 on Friday. The firm has a market cap of $94,560.00, a P/E ratio of 16.96, a P/E/G ratio of 1.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a one year low of $49.53 and a one year high of $57.12.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. equities analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.
A number of equities research analysts have recently issued reports on USB shares. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a report on Thursday, October 12th. Vining Sparks reissued a “buy” rating and issued a $64.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $56.22.
U.S. Bancorp 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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