Guggenheim Capital LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,413 shares of the financial services provider’s stock after buying an additional 174,190 shares during the period. Guggenheim Capital LLC owned about 0.06% of U.S. Bancorp worth $55,910,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of U.S. Bancorp by 10.5% in the fourth quarter. State Street Corp now owns 74,605,546 shares of the financial services provider’s stock valued at $3,832,661,000 after buying an additional 7,111,937 shares in the last quarter. FMR LLC raised its position in U.S. Bancorp by 4.2% in the fourth quarter. FMR LLC now owns 71,056,058 shares of the financial services provider’s stock valued at $3,650,150,000 after buying an additional 2,840,892 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in U.S. Bancorp by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 42,512,655 shares of the financial services provider’s stock valued at $1,823,368,000 after buying an additional 230,566 shares during the period. BlackRock Fund Advisors raised its position in U.S. Bancorp by 3.2% in the third quarter. BlackRock Fund Advisors now owns 21,411,450 shares of the financial services provider’s stock valued at $918,337,000 after buying an additional 666,679 shares during the period. Finally, Bank of New York Mellon Corp raised its position in U.S. Bancorp by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 15,764,899 shares of the financial services provider’s stock valued at $676,158,000 after buying an additional 63,302 shares during the period. 73.73% of the stock is owned by hedge funds and other institutional investors.
Shares of U.S. Bancorp (NYSE:USB) opened at 52.57 on Friday. The firm has a 50-day moving average price of $54.49 and a 200-day moving average price of $49.36. U.S. Bancorp has a 52-week low of $38.47 and a 52-week high of $56.61. The firm has a market capitalization of $89.06 billion, a P/E ratio of 16.23 and a beta of 0.84.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. U.S. Bancorp had a net margin of 25.89% and a return on equity of 13.88%. The firm earned $5.44 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post $3.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 29th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 34.46%.
Several equities analysts have recently commented on USB shares. Morgan Stanley lowered U.S. Bancorp from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 31st. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Tuesday, December 20th. Wedbush upped their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, January 19th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 18th. Finally, Jefferies Group LLC raised U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.87.
In related news, Vice Chairman Terrance R. Dolan sold 101,334 shares of the stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $50.63, for a total value of $5,130,540.42. Following the completion of the transaction, the insider now owns 115,124 shares of the company’s stock, valued at $5,828,728.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Omaley sold 11,757 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $55.19, for a total transaction of $648,868.83. Following the completion of the transaction, the director now directly owns 241,682 shares of the company’s stock, valued at approximately $13,338,429.58. The disclosure for this sale can be found here. Insiders sold 1,338,660 shares of company stock valued at $70,197,537 in the last three months. Company insiders own 0.68% of the company’s stock.
U.S. Bancorp Company 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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