Metropolitan Life Insurance Co. NY cut its position in U.S. Bancorp (NYSE:USB) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 803,418 shares of the financial services provider’s stock after selling 30,108 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in U.S. Bancorp were worth $41,272,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in USB. Catawba Capital Management VA boosted its position in shares of U.S. Bancorp by 60.8% in the third quarter. Catawba Capital Management VA now owns 15,875 shares of the financial services provider’s stock worth $681,000 after buying an additional 6,000 shares during the period. Capital Asset Advisory Services LLC boosted its position in U.S. Bancorp by 15.9% in the third quarter. Capital Asset Advisory Services LLC now owns 7,285 shares of the financial services provider’s stock worth $312,000 after buying an additional 1,000 shares during the last quarter. Carlson Capital Management boosted its position in U.S. Bancorp by 22.1% in the third quarter. Carlson Capital Management now owns 25,821 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 4,675 shares during the last quarter. City Holding Co. boosted its position in U.S. Bancorp by 4.6% in the third quarter. City Holding Co. now owns 28,130 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 1,240 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its position in U.S. Bancorp by 5.0% in the third quarter. Naples Global Advisors LLC now owns 30,615 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 1,467 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.
U.S. Bancorp (NYSE:USB) opened at 52.57 on Friday. The stock has a 50 day moving average price of $54.49 and a 200 day moving average price of $49.36. The company has a market capitalization of $89.06 billion, a price-to-earnings ratio of 16.23 and a beta of 0.84. U.S. Bancorp has a 52-week low of $38.47 and a 52-week high of $56.61.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. U.S. Bancorp had a return on equity of 13.88% and a net margin of 25.89%. The firm earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that U.S. Bancorp will post $3.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.12 annualized dividend and a yield of 2.13%. U.S. Bancorp’s dividend payout ratio (DPR) is 34.46%.
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USB has been the subject of a number of recent analyst reports. Morgan Stanley cut U.S. Bancorp from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 31st. Jefferies Group LLC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Wedbush boosted their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, January 19th. Atlantic Securities cut U.S. Bancorp from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $46.00 to $52.00 in a report on Wednesday, December 21st. Finally, Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, December 20th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.87.
In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $54.62, for a total transaction of $1,092,400.00. Following the completion of the sale, the insider now owns 131,109 shares of the company’s stock, valued at $7,161,173.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Terrance R. Dolan sold 101,334 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $50.63, for a total value of $5,130,540.42. Following the sale, the insider now directly owns 115,124 shares of the company’s stock, valued at approximately $5,828,728.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,338,660 shares of company stock valued at $70,197,537. 0.68% of the stock is owned by insiders.
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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