TIAA FSB trimmed its position in U.S. Bancorp (NYSE:USB) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 70,661 shares of the financial services provider’s stock after selling 4,550 shares during the period. TIAA FSB’s holdings in U.S. Bancorp were worth $3,786,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in USB. Stelac Advisory Services LLC acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $103,000. Horan Capital Advisors LLC. acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at $112,000. Phocas Financial Corp. acquired a new position in shares of U.S. Bancorp in the 2nd quarter valued at $109,000. Cerebellum GP LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $123,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in shares of U.S. Bancorp by 1,211.9% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 3,054 shares during the period. Hedge funds and other institutional investors own 73.87% of the company’s stock.
A number of research firms have recently weighed in on USB. Vining Sparks reissued a “hold” rating and issued a $61.00 price target on shares of U.S. Bancorp in a research note on Thursday, January 25th. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $63.00 in a research note on Thursday, January 25th. Morgan Stanley increased their price target on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. downgraded U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective on the stock. in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.13.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations 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 revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. equities analysts forecast that U.S. Bancorp will post 4.03 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 34.09%.
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U.S. Bancorp Company 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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