Edmonds Duncan Registered Investment Advisors LLC continued to hold its stake in U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,253 shares of the financial services provider’s stock at the close of the 2nd quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in U.S. Bancorp were worth $740,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Shelton Capital Management lifted its position in U.S. Bancorp by 51.2% during the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after acquiring an additional 45,116 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in U.S. Bancorp by 16.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after acquiring an additional 52,380 shares in the last quarter. Oarsman Capital Inc. lifted its position in U.S. Bancorp by 4.5% during the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 488 shares in the last quarter. Bank of Montreal Can lifted its position in U.S. Bancorp by 2.6% during the 2nd quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock worth $320,434,000 after acquiring an additional 159,319 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in U.S. Bancorp by 13.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 40,541 shares of the financial services provider’s stock worth $2,088,000 after acquiring an additional 4,683 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.
USB has been the topic of several recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, August 11th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday, July 20th. Robert W. Baird reissued a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average target price of $53.82.
Shares of U.S. Bancorp (USB) opened at $51.83 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization 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 52-week low of $47.59 and a 52-week high of $56.61.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. research analysts predict that U.S. Bancorp will post 3.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.30 per share. 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 2.32%. The ex-dividend date of this dividend was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.
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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