Monetary Management Group Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,755 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Monetary Management Group Inc.’s holdings in U.S. Bancorp were worth $474,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of USB. Engrave Wealth Partners LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $26,000. Advocacy Wealth Management Services LLC increased its position in shares of U.S. Bancorp by 58.1% during the first quarter. Advocacy Wealth Management Services LLC now owns 849 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 312 shares in the last quarter. Magellan Asset Management Ltd purchased a new stake in U.S. Bancorp in the 1st quarter valued at $27,000. Solstein Capital LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Finally, Sowa Financial Group Inc. purchased a new stake in U.S. Bancorp in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.
USB traded down $2.38 during mid-day trading on Thursday, hitting $36.94. 7,124,005 shares of the stock were exchanged, compared to its average volume of 9,619,151. The firm’s fifty day moving average is $35.14 and its two-hundred day moving average is $46.33. U.S. Bancorp has a 1-year low of $28.36 and a 1-year high of $61.11. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.13. The company has a market cap of $63.43 billion, a PE ratio of 9.46, a PEG ratio of 3.21 and a beta of 1.15.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.14. U.S. Bancorp had a return on equity of 14.15% and a net margin of 23.37%. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the company earned $1.00 EPS. U.S. Bancorp’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts anticipate that U.S. Bancorp will post 2.2 earnings per share for the current year.
Several brokerages have issued reports on USB. Wells Fargo & Co upped their target price on U.S. Bancorp from $40.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Robert W. Baird upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and set a $56.00 target price for the company in a report on Tuesday, March 17th. Nomura Securities upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.00 to $46.00 in a report on Thursday, April 16th. UBS Group decreased their price target on U.S. Bancorp from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $47.17.
U.S. Bancorp 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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