U.S. Bancorp (NYSE:USB) Shares Bought by Cullinan Associates Inc.
Cullinan Associates Inc. raised its holdings in U.S. Bancorp (NYSE:USB) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,663 shares of the financial services provider’s stock after acquiring an additional 9,000 shares during the quarter. U.S. Bancorp accounts for about 0.8% of Cullinan Associates Inc.’s holdings, making the stock its 23rd biggest position. Cullinan Associates Inc.’s holdings in U.S. Bancorp were worth $12,668,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Simon Quick Advisors LLC raised its stake in shares of U.S. Bancorp by 1,060.0% during the 4th quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock worth $28,000 after buying an additional 424 shares during the last quarter. Lenox Wealth Advisors LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter worth about $33,000. Bridger Capital Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at about $33,000. Allred Capital Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $33,000. Finally, Old North State Trust LLC increased its holdings in U.S. Bancorp by 99.1% during the 3rd quarter. Old North State Trust LLC now owns 667 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 332 shares in the last quarter. 75.23% of the stock is owned by institutional investors.
Several analysts have issued reports on the stock. Wells Fargo & Co downgraded shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a report on Monday, January 6th. Bank of America cut shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $55.00 to $53.00 in a research note on Monday, September 30th. Goldman Sachs Group downgraded U.S. Bancorp from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research report on Monday, January 6th. Citigroup raised U.S. Bancorp from a “sell” rating to a “neutral” rating and upped their target price for the company from $49.00 to $62.00 in a research note on Monday, December 16th. Finally, Oppenheimer downgraded U.S. Bancorp from an “outperform” rating to a “market perform” rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $58.56.
USB traded down $1.62 on Wednesday, reaching $54.97. 10,158,467 shares of the company’s stock were exchanged, compared to its average volume of 6,049,146. U.S. Bancorp has a twelve month low of $47.57 and a twelve month high of $61.11. The company’s 50 day moving average is $59.26 and its 200-day moving average is $56.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $88.51 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.14 and a beta of 1.11.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The company had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that U.S. Bancorp will post 4.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.06%. U.S. Bancorp’s payout ratio is 40.98%.
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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