U.S. Bancorp (USB) Holdings Reduced by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. lowered its stake in U.S. Bancorp (NYSE:USB) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,955 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in U.S. Bancorp were worth $14,896,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shelton Capital Management lifted its position in U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after buying an additional 45,116 shares during the last quarter. Twin Tree Management LP lifted its position in U.S. Bancorp by 63.2% in the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 13,295 shares during the last quarter. Oarsman Capital Inc. lifted its position in U.S. Bancorp by 4.5% in the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after buying an additional 488 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of U.S. Bancorp by 16.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of U.S. Bancorp by 7.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock worth $10,954,000 after purchasing an additional 14,678 shares in the last quarter. 73.95% of the stock is currently owned by institutional investors.
Shares of U.S. Bancorp (NYSE:USB) opened at $54.46 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a one year low of $49.53 and a one year high of $56.61. The firm has a market cap of $90,492.04, a P/E ratio of 16.16, a P/E/G ratio of 2.12 and a beta of 0.85.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. analysts predict that U.S. Bancorp will post 3.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. U.S. Bancorp’s payout ratio is 35.61%.
Several analysts have recently issued reports on USB shares. Instinet cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Citigroup reissued a “neutral” rating and set a $58.00 price target (up previously from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a research report on Friday, October 6th. Bank of America cut shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $56.00 to $54.00 in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.73.
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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.
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