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 supplierÃ¢â‚¬â„¢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 KentuckyÃ¢â‚¬â„¢s portfolio, making the inventory its 10th largest place. Independence Financial institution of KentuckyÃ¢â‚¬â„¢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 supplierÃ¢â‚¬â„¢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 supplierÃ¢â‚¬â„¢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 supplierÃ¢â‚¬â„¢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 corporateÃ¢â‚¬â„¢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 ZacksÃ¢â‚¬â„¢ 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 agencyÃ¢â‚¬â„¢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. BancorpÃ¢â‚¬â„¢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 Ã¢â‚¬Å“maintainÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“promoteÃ¢â‚¬Â 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 Ã¢â‚¬Å“outperformÃ¢â‚¬Â ranking in a report on Tuesday, March 26th. Robert W. Baird downgraded shares of U.S. Bancorp from an Ã¢â‚¬Å“outperformÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“impartialÃ¢â‚¬Â 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 Ã¢â‚¬Å“purchaseÃ¢â‚¬Â ranking to a Ã¢â‚¬Å“maintainÃ¢â‚¬Â 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 Ã¢â‚¬Å“MaintainÃ¢â‚¬Â and a consensus worth goal of $58.30.
In associated information, Vice Chairman Leslie V. Godridge bought 14,737 shares of the enterpriseÃ¢â‚¬â„¢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 corporateÃ¢â‚¬â„¢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 enterpriseÃ¢â‚¬â„¢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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