U.S. Bancorp (USB) Position Increased by Raymond James Trust N.A.
Raymond James Trust N.A. increased its holdings in U.S. Bancorp (NYSE:USB) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,336 shares of the financial services provider’s stock after purchasing an additional 1,177 shares during the quarter. Raymond James Trust N.A.’s holdings in U.S. Bancorp were worth $2,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of USB. Stelac Advisory Services LLC bought a new stake in shares of U.S. Bancorp in the second quarter worth about $103,000. SRS Capital Advisors Inc. grew its stake in shares of U.S. Bancorp by 17.0% in the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 371 shares during the last quarter. Orrstown Financial Services Inc. grew its stake in shares of U.S. Bancorp by 30.4% in the second quarter. Orrstown Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 681 shares during the last quarter. Hudock Capital Group LLC grew its stake in shares of U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 17 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in shares of U.S. Bancorp by 16.6% in the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 555 shares during the last quarter. 74.23% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on USB shares. BidaskClub cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Argus raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, July 20th. Wells Fargo & Company assumed coverage on U.S. Bancorp in a research report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price objective on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.82.
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U.S. Bancorp (NYSE:USB) opened at $51.61 on Friday. U.S. Bancorp has a 1-year low of $47.43 and a 1-year high of $56.61. The firm has a market cap of $86,476.08, a P/E ratio of 15.46, a P/E/G ratio of 2.03 and a beta of 0.86. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors 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 yield of 2.33%. The ex-dividend date of this dividend was Thursday, September 28th. U.S. Bancorp’s payout ratio is presently 35.61%.
About U.S. Bancorp
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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