Dorsey & Whitney Trust CO LLC Has $12.63 Million Stake in U.S. Bancorp (USB)
Dorsey & Whitney Trust CO LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,167 shares of the financial services provider’s stock after selling 1,537 shares during the period. U.S. Bancorp makes up approximately 2.5% of Dorsey & Whitney Trust CO LLC’s investment portfolio, making the stock its 3rd largest holding. Dorsey & Whitney Trust CO LLC’s holdings in U.S. Bancorp were worth $12,626,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Heathbridge Capital Management Ltd. raised its holdings in U.S. Bancorp by 8.7% during the first quarter. Heathbridge Capital Management Ltd. now owns 5,000 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 400 shares in the last quarter. Fairfield Bush & CO. raised its holdings in U.S. Bancorp by 6.1% during the first quarter. Fairfield Bush & CO. now owns 23,968 shares of the financial services provider’s stock worth $1,234,000 after acquiring an additional 1,375 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in U.S. Bancorp by 46.0% during the first quarter. State of Tennessee Treasury Department now owns 1,345,990 shares of the financial services provider’s stock worth $69,319,000 after acquiring an additional 424,131 shares in the last quarter. Blue Chip Partners Inc. raised its holdings in U.S. Bancorp by 0.7% during the first quarter. Blue Chip Partners Inc. now owns 15,913 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 111 shares in the last quarter. Finally, Financial Advisory Service Inc. bought a new stake in U.S. Bancorp during the first quarter worth about $239,000. Institutional investors own 74.66% of the company’s stock.
Several research firms recently issued reports on USB. J P Morgan Chase & Co dropped their target price on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Nomura upped their target price 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 target price 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, fifteen have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.82.
U.S. Bancorp (NYSE:USB) opened at $51.83 on Wednesday. U.S. Bancorp has a 12-month low of $47.59 and a 12-month high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $85,760.00, a P/E ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.86.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts expect that U.S. Bancorp will post 3.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.30 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. U.S. Bancorp’s dividend payout ratio is presently 35.71%.
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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