Baldwin Brothers Inc. MA Increases Position in U.S. Bancorp (NYSE:USB)

Share on StockTwits

Baldwin Brothers Inc. MA boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,334 shares of the financial services provider’s stock after acquiring an additional 325 shares during the period. Baldwin Brothers Inc. MA’s holdings in U.S. Bancorp were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. grew its stake in U.S. Bancorp by 302.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 607 shares in the last quarter. Old North State Trust LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $31,000. Costello Asset Management INC purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at approximately $37,000. RMR Wealth Builders purchased a new stake in shares of U.S. Bancorp in the 2nd quarter valued at approximately $37,000. Finally, Provident Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $38,000. 73.22% of the stock is owned by institutional investors.

Shares of NYSE USB remained flat at $$39.14 during mid-day trading on Friday. 5,679,047 shares of the company were exchanged, compared to its average volume of 8,515,956. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $37.19 and a 200 day simple moving average of $36.30. The stock has a market cap of $58.96 billion, a PE ratio of 12.31, a P/E/G ratio of 2.44 and a beta of 1.10. U.S. Bancorp has a 1 year low of $28.36 and a 1 year high of $61.11.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.08. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.70 billion. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. Research analysts predict that U.S. Bancorp will post 2.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Tuesday, September 29th. U.S. Bancorp’s dividend payout ratio (DPR) is 38.71%.

Several analysts have recently weighed in on USB shares. ValuEngine raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price target on shares of U.S. Bancorp in a research note on Monday, July 20th. Wolfe Research initiated coverage on shares of U.S. Bancorp in a research note on Friday, July 31st. They issued an “outperform” rating for the company. BofA Securities upgraded shares of U.S. Bancorp from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $39.00 to $41.00 in a report on Wednesday, October 7th. Finally, Morgan Stanley upped their price objective on shares of U.S. Bancorp from $41.00 to $43.00 and gave the stock an “underweight” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.40.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Read More: How is net asset value different from market price?

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.