Advanced Asset Management Advisors Inc Takes Position in U.S. Bancorp (USB)

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Advanced Asset Management Advisors Inc purchased a new stake in shares of U.S. Bancorp (NYSE:USB) in the 4th quarter, HoldingsChannel reports. The fund purchased 48,031 shares of the financial services provider’s stock, valued at approximately $2,195,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $32,000. Ipswich Investment Management Co. Inc. acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $49,000. Contravisory Investment Management Inc. increased its holdings in U.S. Bancorp by 621.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,118 shares of the financial services provider’s stock worth $51,000 after buying an additional 963 shares during the period. Bell Rock Capital LLC increased its holdings in U.S. Bancorp by 16.9% in the 4th quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock worth $66,000 after buying an additional 210 shares during the period. Finally, Veritas Investment Management LLP acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $100,000. 75.77% of the stock is owned by institutional investors and hedge funds.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on USB shares. Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, December 17th. Nomura cut their price target on shares of U.S. Bancorp from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, October 18th. Citigroup cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, Oppenheimer raised shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.00.

Shares of NYSE USB opened at $50.91 on Thursday. The company has a market cap of $81.74 billion, a PE ratio of 12.42, a PEG ratio of 1.55 and a beta of 1.08. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $56.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.88 EPS. As a group, analysts forecast that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. U.S. Bancorp’s dividend payout ratio is currently 36.10%.

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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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Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

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