Gilbert & Cook Inc. Has $273,000 Stake in U.S. Bancorp (USB)
Gilbert & Cook Inc. boosted its position in U.S. Bancorp (NYSE:USB) by 22.1% during the first quarter, Holdings Channel reports. The institutional investor owned 5,298 shares of the financial services provider’s stock after buying an additional 959 shares during the period. Gilbert & Cook Inc.’s holdings in U.S. Bancorp were worth $273,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of USB. Orrstown Financial Services Inc. increased its position in U.S. Bancorp by 26.9% in the first quarter. Orrstown Financial Services Inc. now owns 2,240 shares of the financial services provider’s stock worth $116,000 after buying an additional 475 shares in the last quarter. SRS Capital Advisors Inc. increased its position in U.S. Bancorp by 17.0% in the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after buying an additional 371 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in U.S. Bancorp during the first quarter worth about $155,000. WealthTrust Arizona LLC increased its position in U.S. Bancorp by 31.8% in the first quarter. WealthTrust Arizona LLC now owns 3,033 shares of the financial services provider’s stock worth $156,000 after buying an additional 732 shares in the last quarter. Finally, American National Bank purchased a new position in U.S. Bancorp during the first quarter worth about $167,000. 76.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of U.S. Bancorp (NYSE:USB) traded up 0.47% during midday trading on Tuesday, hitting $53.04. The stock had a trading volume of 850,800 shares. U.S. Bancorp has a 12 month low of $42.17 and a 12 month high of $56.61. The firm has a market cap of $88.72 billion, a price-to-earnings ratio of 16.02 and a beta of 0.86. The stock’s 50 day moving average price is $52.38 and its 200 day moving average price is $52.55.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post $3.44 EPS for the current fiscal year.
U.S. Bancorp declared that its board has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $2.60 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, June 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 33.63%.
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A number of research firms have issued reports on USB. Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a report on Friday. Wells Fargo & Company began coverage on shares of U.S. Bancorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price objective on the stock. BidaskClub downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Finally, Rafferty Capital Markets cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research note on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.85.
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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