Twin Capital Management Inc. Buys Shares of 18,991 U.S. Bancorp (NYSE:USB)

Twin Capital Management Inc. purchased a new position in U.S. Bancorp (NYSE:USB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,991 shares of the financial services provider’s stock, valued at approximately $1,018,000.

A number of other institutional investors have also recently made changes to their positions in USB. Reilly Financial Advisors LLC lifted its stake in U.S. Bancorp by 7.5% during the 4th quarter. Reilly Financial Advisors LLC now owns 32,857 shares of the financial services provider’s stock valued at $1,760,000 after acquiring an additional 2,290 shares during the period. Bollard Group LLC lifted its stake in U.S. Bancorp by 0.5% during the 4th quarter. Bollard Group LLC now owns 172,019 shares of the financial services provider’s stock valued at $9,217,000 after acquiring an additional 905 shares during the period. Cadinha & Co. LLC lifted its stake in U.S. Bancorp by 306.1% during the 4th quarter. Cadinha & Co. LLC now owns 95,060 shares of the financial services provider’s stock valued at $5,093,000 after acquiring an additional 71,650 shares during the period. Welch & Forbes LLC lifted its stake in U.S. Bancorp by 1.3% during the 4th quarter. Welch & Forbes LLC now owns 368,185 shares of the financial services provider’s stock valued at $19,728,000 after acquiring an additional 4,860 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in U.S. Bancorp by 0.3% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 251,409 shares of the financial services provider’s stock valued at $13,470,000 after acquiring an additional 870 shares during the period. Institutional investors own 73.87% of the company’s stock.

Shares of U.S. Bancorp (USB) traded down $0.17 on Thursday, reaching $55.14. 3,843,147 shares of the company’s stock were exchanged, compared to its average volume of 7,646,934. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market cap of $89,655.84, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.79 and a beta of 0.87. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $58.50.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. equities research analysts expect that U.S. Bancorp will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. U.S. Bancorp’s dividend payout ratio is currently 34.09%.

USB has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and set a $63.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Vining Sparks reiterated a “buy” rating and issued a $64.00 price objective on shares of U.S. Bancorp in a research note on Monday, January 8th. Deutsche Bank upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $63.00 in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Friday, February 2nd. Finally, Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.13.

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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.

Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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