D L Carlson Investment Group Inc. Has $5.03 Million Stake in U.S. Bancorp (USB)
D L Carlson Investment Group Inc. cut its stake in U.S. Bancorp (NYSE:USB) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,865 shares of the financial services provider’s stock after selling 1,425 shares during the quarter. U.S. Bancorp accounts for about 1.5% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 14th biggest position. D L Carlson Investment Group Inc.’s holdings in U.S. Bancorp were worth $5,029,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of USB. Teza Capital Management LLC purchased a new stake in shares of U.S. Bancorp in the first quarter worth approximately $2,442,000. Haverford Trust Co. raised its stake in shares of U.S. Bancorp by 7.2% in the first quarter. Haverford Trust Co. now owns 23,416 shares of the financial services provider’s stock worth $1,206,000 after purchasing an additional 1,582 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its stake in shares of U.S. Bancorp by 19.4% in the first quarter. Balasa Dinverno & Foltz LLC now owns 6,617 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 1,075 shares during the last quarter. Investment Partners Ltd. OH ADV raised its stake in shares of U.S. Bancorp by 33.6% in the first quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Lincoln National Corp raised its stake in shares of U.S. Bancorp by 0.5% in the first quarter. Lincoln National Corp now owns 23,713 shares of the financial services provider’s stock worth $1,221,000 after purchasing an additional 126 shares during the last quarter. 74.20% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on USB. Nomura increased their price target on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Citigroup Inc. reaffirmed a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.82.
U.S. Bancorp (USB) opened at $54.65 on Friday. U.S. Bancorp has a twelve month low of $43.83 and a twelve month high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $91,101.55, a price-to-earnings ratio of 16.22, a PEG ratio of 2.13 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.30 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.
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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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