U.S. Bancorp (USB) Shares Sold by Budros Ruhlin & Roe Inc.
Budros Ruhlin & Roe Inc. reduced its position in shares of U.S. Bancorp (NYSE:USB) by 46.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,029 shares of the financial services provider’s stock after selling 3,463 shares during the period. Budros Ruhlin & Roe Inc.’s holdings in U.S. Bancorp were worth $215,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new stake in shares of U.S. Bancorp during the second quarter worth $103,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp during the second quarter worth $109,000. Horan Capital Advisors LLC. bought a new stake in shares of U.S. Bancorp during the third quarter worth $112,000. Pathstone Family Office LLC grew its stake in shares of 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 during the last quarter. Finally, Hudock Capital Group LLC grew its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
USB has been the topic of several analyst reports. Jefferies Group reissued a “buy” rating and issued a $63.00 price objective on shares of U.S. Bancorp in a research note on Monday. Vining Sparks reissued a “buy” rating and issued a $64.00 price objective on shares of U.S. Bancorp in a research note on Monday. Piper Jaffray Companies raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research note on Friday, January 5th. Barclays boosted their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Finally, UBS Group cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus price target of $56.22.
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, meeting the consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts forecast that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. U.S. Bancorp’s dividend payout ratio is currently 35.71%.
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U.S. Bancorp Company 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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