Timber Creek Capital Management LLC Continues to Hold Stake in U.S. Bancorp (USB)
Timber Creek Capital Management LLC maintained its stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,625 shares of the financial services provider’s stock at the close of the second quarter. U.S. Bancorp accounts for approximately 3.6% of Timber Creek Capital Management LLC’s holdings, making the stock its 5th biggest position. Timber Creek Capital Management LLC’s holdings in U.S. Bancorp were worth $4,821,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Stelac Advisory Services LLC purchased a new position in U.S. Bancorp during the second quarter worth about $103,000. SRS Capital Advisors Inc. grew its position in U.S. Bancorp by 17.0% during the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after buying an additional 371 shares in the last quarter. Pathstone Family Office LLC grew its position in U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after buying an additional 386 shares in the last quarter. Hudock Capital Group LLC grew its position in U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after buying an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its position in U.S. Bancorp by 16.6% during the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after buying an additional 555 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.
Several equities analysts recently commented on the company. J P Morgan Chase & Co reduced their target price on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Nomura upped their price objective on U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Morgan Stanley upped their price objective on U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average target price of $54.19.
U.S. Bancorp (USB) traded down $0.08 during midday trading on Friday, hitting $51.83. The stock had a trading volume of 1,466,876 shares, compared to its average volume of 4,895,938. U.S. Bancorp has a 12 month low of $48.78 and a 12 month high of $56.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $86,144.18, a price-to-earnings ratio of 15.40, a PEG ratio of 2.02 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. U.S. Bancorp’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. sell-side analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current year.
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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