Barrett Asset Management LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,325 shares of the financial services provider’s stock after selling 1,045 shares during the period. U.S. Bancorp comprises approximately 1.6% of Barrett Asset Management LLC’s portfolio, making the stock its 25th largest position. Barrett Asset Management LLC’s holdings in U.S. Bancorp were worth $21,507,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of U.S. Bancorp by 1.7% during the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after purchasing an additional 1,727,498 shares during the period. New England Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 52.5% during the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock worth $1,368,451,000 after purchasing an additional 9,150,126 shares during the period. Franklin Resources Inc. boosted its holdings in shares of U.S. Bancorp by 0.7% during the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after purchasing an additional 110,571 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of U.S. Bancorp by 5,598.0% during the second quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock worth $656,975,000 after purchasing an additional 12,431,466 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of U.S. Bancorp by 2.4% during the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock worth $637,825,000 after purchasing an additional 276,373 shares during the period. Institutional investors and hedge funds own 73.95% of the company’s stock.
Shares of U.S. Bancorp (USB) opened at $55.32 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $56.61. The company has a market cap of $91,800.00, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period last year, the business posted $0.84 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.1% compared to the same quarter last year. equities analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.17%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.71%.
A number of research firms have recently weighed in on USB. UBS Group lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 12th. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a report on Friday. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $55.71.
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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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