Becker Capital Management Inc. lifted its holdings in U.S. Bancorp (NYSE:USB) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 926,552 shares of the financial services provider’s stock after purchasing an additional 165,254 shares during the period. U.S. Bancorp comprises about 1.7% of Becker Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Becker Capital Management Inc. owned 0.06% of U.S. Bancorp worth $42,343,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in USB. Gantzert Investment Co. LLC ADV purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $32,000. Ipswich Investment Management Co. Inc. purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $49,000. Contravisory Investment Management Inc. increased its stake in U.S. Bancorp by 621.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 1,118 shares of the financial services provider’s stock worth $51,000 after buying an additional 963 shares in the last quarter. Bell Rock Capital LLC increased its stake in U.S. Bancorp by 16.9% during the 4th quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock worth $66,000 after buying an additional 210 shares in the last quarter. Finally, Veritas Investment Management LLP purchased a new stake in U.S. Bancorp during the 4th quarter worth approximately $100,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.
In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total value of $758,955.50. Following the transaction, the insider now directly owns 61,737 shares in the company, valued at $3,179,455.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Monday, November 19th. Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. CIBC upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Finally, Oppenheimer upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.00.
USB stock opened at $50.91 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $81.74 billion, a PE ratio of 12.42, a P/E/G ratio of 1.55 and a beta of 1.08. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $56.10.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same period in the prior year, the business earned $0.88 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post 4.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, December 28th. U.S. Bancorp’s dividend payout ratio is presently 36.10%.
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U.S. Bancorp Company 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.
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