Dupont Capital Management Corp increased its holdings in U.S. Bancorp (NYSE:USB) by 14.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,064 shares of the financial services provider’s stock after buying an additional 12,955 shares during the period. Dupont Capital Management Corp’s holdings in U.S. Bancorp were worth $5,443,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of USB. Horan Capital Management acquired a new position in shares of U.S. Bancorp during the second quarter worth $109,000. Integrated Investment Consultants LLC acquired a new position in shares of U.S. Bancorp during the second quarter worth $135,000. Field & Main Bank increased its position in shares of U.S. Bancorp by 49.9% during the second quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares in the last quarter. NEXT Financial Group Inc acquired a new position in shares of U.S. Bancorp during the third quarter worth $181,000. Finally, Polaris Greystone Financial Group LLC acquired a new position in shares of U.S. Bancorp during the third quarter worth $185,000. 74.42% of the stock is owned by institutional investors.
In other U.S. Bancorp news, Chairman Andrew Cecere sold 183,374 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $52.95, for a total value of $9,709,653.30. Following the sale, the chairman now directly owns 892,517 shares of the company’s stock, valued at $47,258,775.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $52.91, for a total transaction of $821,374.84. Following the completion of the sale, the insider now directly owns 124,086 shares in the company, valued at $6,565,390.26. The disclosure for this sale can be found here. Insiders have sold 216,406 shares of company stock worth $11,420,610 over the last three months. Corporate insiders own 0.43% of the company’s stock.
Shares of USB opened at $53.15 on Friday. The firm has a market cap of $85.07 billion, a PE ratio of 15.54, a P/E/G ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, September 27th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. U.S. Bancorp’s payout ratio is 43.27%.
A number of equities analysts have recently issued reports on USB shares. Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Monday, July 23rd. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, September 18th. Macquarie raised U.S. Bancorp from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $62.00 in a research report on Wednesday, October 10th. Finally, UBS Group raised U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.36.
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U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
See Also: Return on Investment (ROI)
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