Epoch Investment Partners Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 510,049 shares of the financial services provider’s stock after selling 30,781 shares during the quarter. Epoch Investment Partners Inc.’s holdings in U.S. Bancorp were worth $25,757,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. lifted its position in shares of U.S. Bancorp by 40.3% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 13,542 shares of the financial services provider’s stock valued at $725,000 after buying an additional 3,891 shares during the last quarter. ACG Wealth lifted its position in shares of U.S. Bancorp by 21.3% during the fourth quarter. ACG Wealth now owns 7,717 shares of the financial services provider’s stock valued at $413,000 after buying an additional 1,356 shares during the last quarter. Bank of The Ozarks lifted its position in shares of U.S. Bancorp by 2.1% during the fourth quarter. Bank of The Ozarks now owns 83,899 shares of the financial services provider’s stock valued at $4,495,000 after buying an additional 1,718 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of U.S. Bancorp by 7.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 16,026 shares of the financial services provider’s stock valued at $859,000 after buying an additional 1,059 shares during the last quarter. Finally, NorthCoast Asset Management LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at about $2,209,000. 73.32% of the stock is owned by institutional investors and hedge funds.
Shares of U.S. Bancorp opened at $50.76 on Friday, Marketbeat Ratings reports. U.S. Bancorp has a twelve month low of $48.49 and a twelve month high of $58.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $83.75 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.01. U.S. Bancorp had a return on equity of 14.20% and a net margin of 26.39%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts forecast that U.S. Bancorp will post 4.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.30 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.20 annualized dividend and a yield of 2.36%. U.S. Bancorp’s dividend payout ratio is presently 35.09%.
Several analysts have commented on USB shares. Vining Sparks reissued a “buy” rating and set a $61.00 price target on shares of U.S. Bancorp in a research report on Friday, April 6th. Citigroup upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, May 11th. Susquehanna Bancshares set a $57.00 price objective on shares of U.S. Bancorp and gave the company a “hold” rating in a report on Monday, April 23rd. ValuEngine upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 5th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $58.38.
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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