Unigestion Holding SA trimmed its holdings in U.S. Bancorp (NYSE:USB) by 8.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,102 shares of the financial services provider’s stock after selling 14,816 shares during the quarter. Unigestion Holding SA’s holdings in U.S. Bancorp were worth $8,507,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in U.S. Bancorp by 3.5% in the third quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after buying an additional 750,796 shares during the last quarter. Lau Associates LLC purchased a new stake in U.S. Bancorp in the third quarter valued at approximately $317,000. Parallel Advisors LLC lifted its stake in U.S. Bancorp by 24.5% in the second quarter. Parallel Advisors LLC now owns 12,749 shares of the financial services provider’s stock valued at $637,000 after buying an additional 2,505 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in U.S. Bancorp in the second quarter valued at approximately $567,000. Finally, Commonwealth Bank of Australia lifted its stake in U.S. Bancorp by 18.5% in the second quarter. Commonwealth Bank of Australia now owns 198,873 shares of the financial services provider’s stock valued at $9,942,000 after buying an additional 31,060 shares during the last quarter. Institutional investors own 74.42% of the company’s stock.
A number of equities research analysts have weighed in on USB shares. Wedbush reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Monday, July 23rd. ValuEngine upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, September 18th. Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $62.00 in a research note on Wednesday, October 10th. Finally, UBS Group upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $59.36.
U.S. Bancorp stock opened at $53.15 on Friday. U.S. Bancorp has a 12 month low of $48.49 and a 12 month high of $58.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $84.97 billion, a PE ratio of 13.45, a P/E/G ratio of 1.71 and a beta of 0.91.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Thursday, September 27th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.30. U.S. Bancorp’s dividend payout ratio is 43.27%.
In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $50.81, for a total value of $889,581.48. Following the completion of the transaction, the insider now owns 121,137 shares in the company, valued at $6,154,970.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Terrance R. Dolan sold 15,524 shares of the stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $52.91, for a total value of $821,374.84. Following the completion of the transaction, the insider now owns 124,086 shares of the company’s stock, valued at approximately $6,565,390.26. The disclosure for this sale can be found here. Insiders have sold 216,406 shares of company stock valued at $11,420,610 in the last 90 days. Company insiders own 0.43% of the company’s stock.
About U.S. Bancorp
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.
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