Sound View Wealth Advisors LLC bought a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,097 shares of the financial services provider’s stock, valued at approximately $279,000.
Several other large investors have also recently modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp during the 4th quarter worth about $27,000. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp during the 4th quarter worth about $32,000. Centerpoint Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter worth about $45,000. Athena Capital Advisors LLC acquired a new position in U.S. Bancorp during the 4th quarter worth about $46,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth about $49,000. Institutional investors own 74.18% of the company’s stock.
U.S. Bancorp stock opened at $52.07 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The stock has a market cap of $81.69 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08.
U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current year.
In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the transaction, the insider now directly owns 61,737 shares in the company, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.
USB has been the topic of several research reports. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday, December 10th. Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Standpoint Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and upped their price target for the stock from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.00.
U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
Read More: Trading Ex-Dividend
Receive News & Ratings for U.S. Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for U.S. Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.