8,922 Shares in U.S. Bancorp (USB) Acquired by Mutual Advisors LLC
Mutual Advisors LLC bought a new stake in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,922 shares of the financial services provider’s stock, valued at approximately $478,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of U.S. Bancorp by 1.7% in the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after buying an additional 1,727,498 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of U.S. Bancorp by 0.7% in the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after buying an additional 110,571 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of U.S. Bancorp by 4.5% in the third quarter. Janus Henderson Group PLC now owns 13,226,329 shares of the financial services provider’s stock valued at $708,794,000 after buying an additional 572,794 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of U.S. Bancorp by 2.4% in the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock valued at $637,825,000 after buying an additional 276,373 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of U.S. Bancorp by 3.5% in the fourth quarter. American Century Companies Inc. now owns 9,521,784 shares of the financial services provider’s stock valued at $510,177,000 after buying an additional 318,117 shares in the last quarter. 72.80% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on USB. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $63.00 in a report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Friday, January 5th. Finally, UBS Group downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $58.64.
Shares of U.S. Bancorp (NYSE USB) opened at $53.41 on Monday. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $58.50. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $88,630.00, a price-to-earnings ratio of 17.98, a PEG ratio of 1.76 and a beta of 0.89.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. research analysts forecast that U.S. Bancorp will post 4.05 EPS for the current fiscal year.
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U.S. Bancorp 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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