Arrow Financial Corp boosted its stake in U.S. Bancorp (NYSE:USB) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,356 shares of the financial services provider’s stock after buying an additional 783 shares during the period. Arrow Financial Corp’s holdings in U.S. Bancorp were worth $2,301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of U.S. Bancorp by 3.5% during the third quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after purchasing an additional 750,796 shares during the last quarter. Veritable L.P. lifted its holdings in shares of U.S. Bancorp by 1.9% during the third quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock valued at $6,885,000 after purchasing an additional 2,418 shares during the last quarter. Creative Planning lifted its holdings in shares of U.S. Bancorp by 1.0% during the third quarter. Creative Planning now owns 313,653 shares of the financial services provider’s stock valued at $16,564,000 after purchasing an additional 3,100 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of U.S. Bancorp by 2.3% during the third quarter. CI Investments Inc. now owns 915,600 shares of the financial services provider’s stock valued at $48,353,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in U.S. Bancorp by 0.9% in the 4th quarter. Moody National Bank Trust Division now owns 283,151 shares of the financial services provider’s stock worth $12,940,000 after acquiring an additional 2,653 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.
NYSE:USB opened at $50.91 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $56.10. The company has a market capitalization of $81.74 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.55 and a beta of 1.08.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 36.10%.
In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now owns 61,737 shares of the company’s stock, valued at approximately $3,179,455.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, January 28th. Jefferies Financial Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Barclays boosted their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Zacks Investment Research restated a “hold” rating on shares of U.S. Bancorp in a report on Monday, December 31st. Finally, Standpoint Research lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $54.16 to $63.00 in a report on Monday, November 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $58.00.
About U.S. Bancorp
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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