U.S. Bancorp (USB) Position Raised by Commonwealth Equity Services LLC

U.S. Bancorp (USB) Position Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in U.S. Bancorp (NYSE:USB) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 322,853 shares of the financial services provider’s stock after buying an additional 6,324 shares during the period. Commonwealth Equity Services LLC’s holdings in U.S. Bancorp were worth $14,754,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. WESPAC Advisors SoCal LLC purchased a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $27,000. Gantzert Investment Co. LLC ADV purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $32,000. Centerpoint Advisors LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $45,000. Athena Capital Advisors LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $46,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $49,000. 75.81% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the transaction, the insider now owns 61,737 shares in the company, valued at approximately $3,179,455.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

U.S. Bancorp stock traded up $0.15 during trading hours on Friday, reaching $48.19. The stock had a trading volume of 8,608,298 shares, compared to its average volume of 5,970,044. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $55.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $77.12 billion, a PE ratio of 11.75, a P/E/G ratio of 1.59 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.48 annualized dividend and a dividend yield of 3.07%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.10%.

Several equities research analysts have recently issued reports on USB shares. Zacks Investment Research reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Monday, December 31st. Jefferies Financial Group cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Barclays lifted their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, January 28th. Finally, Oppenheimer boosted their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $58.14.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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