Lau Associates LLC lifted its stake in U.S. Bancorp (NYSE:USB) by 33.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Lau Associates LLC’s holdings in U.S. Bancorp were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in USB. Enlightenment Research LLC purchased a new stake in U.S. Bancorp during the fourth quarter valued at $955,000. Argent Trust Co raised its stake in U.S. Bancorp by 9.9% during the fourth quarter. Argent Trust Co now owns 65,385 shares of the financial services provider’s stock valued at $2,988,000 after purchasing an additional 5,868 shares in the last quarter. Cerity Partners LLC raised its stake in U.S. Bancorp by 7.0% during the fourth quarter. Cerity Partners LLC now owns 60,369 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 3,972 shares in the last quarter. Exencial Wealth Advisors LLC raised its stake in U.S. Bancorp by 3.0% during the fourth quarter. Exencial Wealth Advisors LLC now owns 100,413 shares of the financial services provider’s stock valued at $4,589,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Prio Wealth Limited Partnership raised its stake in U.S. Bancorp by 1.0% during the fourth quarter. Prio Wealth Limited Partnership now owns 35,546 shares of the financial services provider’s stock valued at $1,624,000 after purchasing an additional 361 shares in the last quarter. 74.84% of the stock is currently owned by hedge funds and other institutional investors.
USB stock opened at $51.60 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a twelve month low of $43.14 and a twelve month high of $56.10. The firm has a market cap of $82.92 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.69 and a beta of 1.08.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 4.35 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on USB shares. Citigroup downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Finally, Standpoint Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and upped their price target for the company from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $58.00.
In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the transaction, the insider now owns 61,737 shares in the company, valued at $3,179,455.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.43% of the company’s stock.
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U.S. Bancorp Company 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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