U.S. Bancorp (USB) Position Maintained by Whittier Trust Co. of Nevada Inc.
Whittier Trust Co. of Nevada Inc. held its stake in U.S. Bancorp (NYSE:USB) during the third quarter, Holdings Channel reports. The institutional investor owned 9,562 shares of the financial services provider’s stock at the end of the third quarter. Whittier Trust Co. of Nevada Inc.’s holdings in U.S. Bancorp were worth $410,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp raised its position in U.S. Bancorp by 0.5% in the third quarter. King Luther Capital Management Corp now owns 2,825,930 shares of the financial services provider’s stock worth $121,204,000 after buying an additional 14,866 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in U.S. Bancorp by 5.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,247 shares of the financial services provider’s stock worth $1,426,000 after buying an additional 1,580 shares during the last quarter. Principal Financial Group Inc. raised its position in U.S. Bancorp by 1.7% in the third quarter. Principal Financial Group Inc. now owns 2,257,596 shares of the financial services provider’s stock worth $96,828,000 after buying an additional 37,186 shares during the last quarter. RiverPoint Capital Management LLC raised its position in U.S. Bancorp by 6.6% in the third quarter. RiverPoint Capital Management LLC now owns 29,177 shares of the financial services provider’s stock worth $1,251,000 after buying an additional 1,803 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its position in U.S. Bancorp by 57.4% in the third quarter. Clifford Swan Investment Counsel LLC now owns 21,934 shares of the financial services provider’s stock worth $941,000 after buying an additional 8,000 shares during the last quarter. 72.28% of the stock is owned by institutional investors.
Shares of U.S. Bancorp (NYSE:USB) traded up 0.51% during trading on Friday, reaching $51.69. The company had a trading volume of 7,876,357 shares. The stock has a market capitalization of $87.86 billion, a price-to-earnings ratio of 16.00 and a beta of 0.84. The company’s 50 day moving average is $51.26 and its 200-day moving average is $45.30. U.S. Bancorp has a 1-year low of $37.07 and a 1-year high of $52.68.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The company earned $5.39 billion during the quarter, compared to the consensus estimate of $5.35 billion. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. U.S. Bancorp’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. On average, equities research analysts anticipate that U.S. Bancorp will post $3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is 34.68%.
A number of research firms have commented on USB. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Wells Fargo & Company reiterated a “buy” rating on shares of U.S. Bancorp in a report on Friday, September 16th. Deutsche Bank AG upped their target price on U.S. Bancorp from $46.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, November 30th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Finally, Susquehanna downgraded U.S. Bancorp from a “positive” rating to a “neutral” rating in a report on Thursday, December 1st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.00.
In other U.S. Bancorp news, Vice Chairman Terrance R. Dolan sold 55,205 shares of U.S. Bancorp stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total value of $2,631,622.35. Following the transaction, the insider now directly owns 90,188 shares of the company’s stock, valued at $4,299,261.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Collins, Jr. sold 35,845 shares of U.S. Bancorp stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $44.01, for a total transaction of $1,577,538.45. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.
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