U.S. Bancorp (USB) Holdings Reduced by Bradley Foster & Sargent Inc. CT
Bradley Foster & Sargent Inc. CT decreased its holdings in U.S. Bancorp (NYSE:USB) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,647 shares of the financial services provider’s stock after selling 1,456 shares during the quarter. Bradley Foster & Sargent Inc. CT owned approximately 20,734.67% of U.S. Bancorp worth $18,523,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of USB. Stelac Advisory Services LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $103,000. Phocas Financial Corp. purchased a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $109,000. Pathstone Family Office LLC grew its holdings in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 386 shares during the period. Hudock Capital Group LLC grew its holdings in shares of U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 17 shares during the period. Finally, Cadence Bank NA purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $201,000. Institutional investors and hedge funds own 73.95% of the company’s stock.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Instinet cut U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Robert W. Baird restated a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a report on Friday, October 6th. UBS Group cut U.S. Bancorp from a “buy” rating to a “neutral” rating and upped their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 12th. Finally, Nomura upped their price target on U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.73.
U.S. Bancorp (USB) opened at $54.07 on Thursday. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61. The stock has a market capitalization of $89,730.00, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company 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 company posted $0.84 EPS. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts anticipate that U.S. Bancorp will post 3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s payout ratio is 35.71%.
U.S. Bancorp 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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