U.S. Bancorp (USB) Stake Lifted by Capital Advisors Inc. OK
Capital Advisors Inc. OK grew its holdings in U.S. Bancorp (NYSE:USB) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,669 shares of the financial services provider’s stock after purchasing an additional 10 shares during the quarter. Capital Advisors Inc. OK’s holdings in U.S. Bancorp were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in USB. New England Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 52.5% in the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares during the period. Principal Financial Group Inc. lifted its stake in shares of U.S. Bancorp by 154.2% in the 2nd quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock valued at $303,034,000 after purchasing an additional 3,540,530 shares during the period. AQR Capital Management LLC lifted its stake in shares of U.S. Bancorp by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 4,698,271 shares of the financial services provider’s stock valued at $241,961,000 after purchasing an additional 1,652,219 shares during the period. American Century Companies Inc. lifted its stake in shares of U.S. Bancorp by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after purchasing an additional 1,590,023 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of U.S. Bancorp by 85.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,695,720 shares of the financial services provider’s stock valued at $139,962,000 after purchasing an additional 1,243,200 shares during the period. 74.20% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This article was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.watchlistnews.com/u-s-bancorp-usb-stake-lifted-by-capital-advisors-inc-ok/1677300.html.
Shares of U.S. Bancorp (NYSE USB) opened at $54.65 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $91,484.96, a P/E ratio of 16.28, a P/E/G ratio of 2.14 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The firm 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%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. equities analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.30 per share. 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 2.20%. The ex-dividend date of this dividend was Thursday, September 28th. U.S. Bancorp’s payout ratio is currently 35.61%.
A number of brokerages have recently issued reports on USB. J P Morgan Chase & Co dropped their price objective on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a research note on Friday, August 11th. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Finally, Nomura boosted their price objective on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Three 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’s stock. The company has an average rating of “Hold” and a consensus target price of $53.82.
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.
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.