Independence Financial institution of Kentucky Acquires 1,278 Shares of U.S. Bancorp (USB)

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Independence Financial institution of Kentucky raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.6% within the first quarter, in response to its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 51,167 shares of the monetary providers supplier’s inventory after buying an extra 1,278 shares in the course of the quarter. U.S. Bancorp accounts for roughly 2.0% of Independence Financial institution of Kentucky’s portfolio, making the inventory its 10th largest place. Independence Financial institution of Kentucky’s holdings in U.S. Bancorp have been price $2,466,00Zero on the finish of the newest quarter.

Numerous different hedge funds have additionally made modifications to their positions in USB. Norges Financial institution purchased a brand new stake in U.S. Bancorp in the course of the 4th quarter valued at $723,318,000. Oregon Public Workers Retirement Fund elevated its stake in U.S. Bancorp by 4,346.6% in the course of the 4th quarter. Oregon Public Workers Retirement Fund now owns 7,619,515 shares of the monetary providers supplier’s inventory valued at $167,00Zero after buying an extra 7,448,158 shares within the final quarter. FMR LLC elevated its stake in U.S. Bancorp by 12.9% in the course of the 4th quarter. FMR LLC now owns 27,563,463 shares of the monetary providers supplier’s inventory valued at $1,259,651,00Zero after buying an extra 3,143,660 shares within the final quarter. Confluence Funding Administration LLC purchased a brand new stake in U.S. Bancorp in the course of the 1st quarter valued at $81,175,000. Lastly, Morgan Stanley elevated its stake in U.S. Bancorp by 32.7% in the course of the third quarter. Morgan Stanley now owns 5,506,411 shares of the monetary providers supplier’s inventory valued at $290,793,00Zero after buying an extra 1,358,026 shares within the final quarter. Institutional buyers and hedge funds personal 75.90% of the corporate’s inventory.

Shares of NYSE:USB opened at $53.48 on Friday. The corporate has a present ratio of 0.84, a fast ratio of 0.83 and a debt-to-equity ratio of 0.87. The inventory has a market capitalization of $85.58 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.78 and a beta of 1.10. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week excessive of $55.56.

U.S. Bancorp (NYSE:USB) final issued its quarterly earnings outcomes on Wednesday, April 17th. The monetary providers supplier reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. The corporate had income of $5.58 billion for the quarter, in comparison with the consensus estimate of $5.62 billion. U.S. Bancorp had a internet margin of 27.02% and a return on fairness of 15.53%. The agency’s quarterly income was up 2.0% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency earned $0.96 EPS. On common, analysts count on that U.S. Bancorp will publish 4.29 EPS for the present yr.

The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Monday, April 15th. Buyers of document on Friday, March 29th have been issued a $0.37 dividend. This represents a $1.48 dividend on an annualized foundation and a dividend yield of two.77%. The ex-dividend date was Thursday, March 28th. U.S. Bancorp’s dividend payout ratio (DPR) is at present 36.10%.

USB has been the subject of various analyst studies. Zacks Funding Analysis downgraded shares of U.S. Bancorp from a “maintain” ranking to a “promote” ranking in a report on Tuesday, April ninth. Oppenheimer lifted their worth goal on shares of U.S. Bancorp from $58.00 to $62.00 and gave the inventory an “outperform” ranking in a report on Tuesday, March 26th. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” ranking to a “impartial” ranking and set a $51.00 worth goal on the inventory. in a report on Monday, January 28th. Lastly, Jefferies Monetary Group downgraded shares of U.S. Bancorp from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, January eighth. Two equities analysis analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking and 4 have assigned a purchase ranking to the corporate. The inventory has a mean ranking of “Maintain” and a consensus worth goal of $58.30.

In associated information, Vice Chairman Leslie V. Godridge bought 14,737 shares of the enterprise’s inventory in a transaction dated Monday, February 4th. The shares have been bought at a mean worth of $51.50, for a complete worth of $758,955.50. Following the transaction, the insider now immediately owns 61,737 shares of the corporate’s inventory, valued at roughly $3,179,455.50. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable by this hyperlink. Additionally, Vice Chairman James B. Kelligrew bought 20,00Zero shares of the enterprise’s inventory in a transaction dated Thursday, April 18th. The inventory was bought at a mean worth of $50.61, for a complete transaction of $1,012,200.00. Following the completion of the transaction, the insider now immediately owns 49,495 shares within the firm, valued at $2,504,941.95. The disclosure for this sale could be discovered right here. Insiders bought a complete of 51,970 shares of firm inventory price $2,666,689 over the past three months. 0.24% of the inventory is owned by insiders.

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About U.S. Bancorp

U.S. Bancorp, a monetary providers holding firm, gives numerous monetary providers in america. It operates in 5 segments: Company and Industrial Banking, Client and Enterprise Banking, Wealth Administration and Funding Companies, Fee Companies, and Treasury and Company Help.

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

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