2 weeks Ago By ABMN Staff
Teewinot Capital Advisers L.L.C.
cut its holdings in shares of U.S. Bancorp ( NYSE:USB – Free Report ) by 93.
2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,117 shares of the financial services provider’s stock after selling 591,289 shares during the period. U.
S. Bancorp makes up 0.2% of Teewinot Capital Advisers L.
L.C.’s portfolio, making the stock its 22nd biggest position.
Teewinot Capital Advisers L.L.C.
’s holdings in U.S. Bancorp were worth $1,712,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of U.
S. Bancorp by 0.4% during the first quarter.
Vanguard Group Inc. now owns 135,371,282 shares of the financial services provider’s stock valued at $6,051,096,000 after purchasing an additional 502,776 shares during the last quarter. Davis Selected Advisers grew its stake in shares of U.
S. Bancorp by 0.3% during the 2nd quarter.
Davis Selected Advisers now owns 14,228,444 shares of the financial services provider’s stock valued at $564,869,000 after purchasing an additional 43,437 shares during the period. Bank of New York Mellon Corp increased its holdings in U.S.
Bancorp by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 13,312,930 shares of the financial services provider’s stock valued at $528,523,000 after buying an additional 94,841 shares during the last quarter.
Legal & General Group Plc grew its position in shares of U.S. Bancorp by 2.
7% during the 2nd quarter. Legal & General Group Plc now owns 12,376,977 shares of the financial services provider’s stock valued at $491,364,000 after acquiring an additional 325,374 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of U.
S. Bancorp by 2.9% in the 2nd quarter.
Van ECK Associates Corp now owns 9,478,454 shares of the financial services provider’s stock worth $376,295,000 after purchasing an additional 271,078 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.
Wall Street Analyst Weigh In USB has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 price objective on shares of U.
S. Bancorp in a research report on Friday, September 13th. The Goldman Sachs Group reduced their price objective on shares of U.
S. Bancorp from $48.00 to $46.
00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. StockNews.com raised shares of U.
S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. DA Davidson increased their price target on U.
S. Bancorp from $44.00 to $49.
00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Finally, UBS Group upped their price objective on U.S.
Bancorp from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th.
Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.18.
Insider Buying and Selling at U.S. Bancorp In other U.
S. Bancorp news, Director Aleem Gillani purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of $44.
99 per share, with a total value of $449,900.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $449,900.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 0.23% of the company’s stock.
U.S. Bancorp Price Performance NYSE:USB opened at $45.
48 on Monday. The firm has a market capitalization of $70.97 billion, a price-to-earnings ratio of 15.
06, a PEG ratio of 3.06 and a beta of 1.04.
The company has a debt-to-equity ratio of 1.05, a current ratio of 0.81 and a quick ratio of 0.
80. The business has a 50 day simple moving average of $44.53 and a 200-day simple moving average of $42.
38. U.S.
Bancorp has a 1 year low of $30.47 and a 1 year high of $47.31.
U.S. Bancorp ( NYSE:USB – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 17th.
The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.
04. U.S.
Bancorp had a net margin of 12.55% and a return on equity of 13.34%.
The company had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.81 billion.
During the same period in the previous year, the firm earned $1.12 earnings per share. U.
S. Bancorp’s quarterly revenue was down 4.3% compared to the same quarter last year.
Equities analysts forecast that U.S. Bancorp will post 3.
86 EPS for the current year. U.S.
Bancorp Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.50 dividend.
The ex-dividend date is Monday, September 30th. This represents a $2.00 annualized dividend and a yield of 4.
40%. This is an increase from U.S.
Bancorp’s previous quarterly dividend of $0.49. U.
S. Bancorp’s dividend payout ratio (DPR) is presently 66.23%.
U.S. Bancorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 12th that permits the company to repurchase $5.
00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
About U.S. Bancorp ( Free Report ) U.
S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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