Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. continued to hold its stake in U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,750 shares of the financial services provider’s stock at the close of the 2nd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in U.S. Bancorp were worth $247,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Comerica Securities Inc. grew its holdings in shares of U.S. Bancorp by 8.7% in the second quarter. Comerica Securities Inc. now owns 7,839 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 627 shares during the period. TCI Wealth Advisors Inc. grew its holdings in shares of U.S. Bancorp by 0.8% in the second quarter. TCI Wealth Advisors Inc. now owns 8,125 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 62 shares during the period. Captrust Financial Advisors purchased a new stake in shares of U.S. Bancorp in the second quarter valued at about $774,000. Norinchukin Bank The grew its holdings in shares of U.S. Bancorp by 11.8% in the second quarter. Norinchukin Bank The now owns 62,559 shares of the financial services provider’s stock valued at $3,248,000 after purchasing an additional 6,592 shares during the period. Finally, Vestor Capital LLC grew its holdings in shares of U.S. Bancorp by 0.9% in the second quarter. Vestor Capital LLC now owns 232,579 shares of the financial services provider’s stock valued at $12,076,000 after purchasing an additional 2,058 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.
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A number of research analysts have commented on USB shares. J P Morgan Chase & Co decreased their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 target price on shares of U.S. Bancorp in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Morgan Stanley upped their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Finally, Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.82.
Shares of U.S. Bancorp (NYSE USB) opened at $51.83 on Wednesday. The firm has a market cap of $85,760.00, a P/E ratio of 15.31, a P/E/G ratio of 2.01 and a beta of 0.86. U.S. Bancorp has a 1-year low of $47.59 and a 1-year high of $56.61. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ 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 prior year, the firm posted $0.84 earnings per share. equities analysts forecast that U.S. Bancorp will post 3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.30 dividend. 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 yield of 2.32%. The ex-dividend date was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.
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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