Fort Washington Investment Advisors Inc. OH lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 574,973 shares of the financial services provider’s stock after selling 5,812 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in U.S. Bancorp were worth $29,853,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of USB. Stelac Advisory Services LLC acquired a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $103,000. SRS Capital Advisors Inc. raised its stake in U.S. Bancorp by 17.0% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 371 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in U.S. Bancorp by 30.4% in the 2nd quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 681 shares in the last quarter. Hudock Capital Group LLC raised its stake in U.S. Bancorp by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in U.S. Bancorp by 16.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 74.66% of the company’s stock.
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Shares of U.S. Bancorp (NYSE:USB) opened at $51.61 on Monday. The stock has a market cap of $85,646.33, a P/E ratio of 15.31, a P/E/G ratio of 2.01 and a beta of 0.86. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 1-year low of $47.43 and a 1-year high of $56.61.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. research analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, September 28th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. U.S. Bancorp’s payout ratio is 35.61%.
Several analysts have weighed in on USB shares. Citigroup Inc. reiterated a “neutral” rating and issued a $58.00 price objective (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 12th. Argus upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, July 20th. Finally, Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $53.82.
About U.S. Bancorp
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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