YHB Investment Advisors Inc. Has $5.57 Million Holdings in U.S. Bancorp (USB)
YHB Investment Advisors Inc. raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,862 shares of the financial services provider’s stock after buying an additional 12,705 shares during the period. YHB Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $5,569,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vectors Research Management LLC bought a new position in shares of U.S. Bancorp during the third quarter valued at about $101,000. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp during the third quarter valued at approximately $103,000. Highwater Wealth Management LLC bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $134,000. TLP Group LLC grew its holdings in shares of U.S. Bancorp by 77.9% during the third quarter. TLP Group LLC now owns 2,688 shares of the financial services provider’s stock valued at $142,000 after buying an additional 1,177 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in shares of U.S. Bancorp during the third quarter valued at approximately $181,000. Institutional investors and hedge funds own 75.18% of the company’s stock.
In other U.S. Bancorp news, Director David B. Omaley sold 10,902 shares of U.S. Bancorp stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $53.66, for a total value of $585,001.32. Following the sale, the director now directly owns 212,789 shares in the company, valued at approximately $11,418,257.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Andrew Cecere sold 183,374 shares of U.S. Bancorp stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $52.95, for a total transaction of $9,709,653.30. Following the completion of the transaction, the chairman now directly owns 892,517 shares of the company’s stock, valued at $47,258,775.15. The disclosure for this sale can be found here. Insiders sold 253,073 shares of company stock worth $13,383,882 over the last quarter. Insiders own 0.43% of the company’s stock.
USB traded up $0.12 during trading on Friday, hitting $47.43. The company’s stock had a trading volume of 354,891 shares, compared to its average volume of 9,019,036. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a one year low of $43.14 and a one year high of $58.50. The company has a market capitalization of $76.62 billion, a PE ratio of 13.87, a PEG ratio of 1.45 and a beta of 1.02.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that U.S. Bancorp will post 4.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.48 annualized dividend and a yield of 3.12%. U.S. Bancorp’s payout ratio is presently 43.27%.
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U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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