Overbrook Management Corp held its position in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the financial services provider’s stock at the close of the 2nd quarter. Overbrook Management Corp’s holdings in U.S. Bancorp were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in USB. Spectrum Management Group Inc. lifted its stake in shares of U.S. Bancorp by 23.0% in the 1st quarter. Spectrum Management Group Inc. now owns 22,865 shares of the financial services provider’s stock valued at $1,178,000 after purchasing an additional 4,275 shares during the period. Virginia Retirement Systems ET AL lifted its stake in shares of U.S. Bancorp by 5.1% in the 1st quarter. Virginia Retirement Systems ET AL now owns 82,400 shares of the financial services provider’s stock valued at $4,244,000 after purchasing an additional 4,000 shares during the period. Schnieders Capital Management LLC lifted its stake in shares of U.S. Bancorp by 45.1% in the 1st quarter. Schnieders Capital Management LLC now owns 11,580 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 3,600 shares during the period. Heathbridge Capital Management Ltd. lifted its stake in shares of U.S. Bancorp by 8.7% in the 1st quarter. Heathbridge Capital Management Ltd. now owns 5,000 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 400 shares during the period. Finally, Fairfield Bush & CO. lifted its stake in shares of U.S. Bancorp by 6.1% in the 1st quarter. Fairfield Bush & CO. now owns 23,968 shares of the financial services provider’s stock valued at $1,234,000 after purchasing an additional 1,375 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

USB has been the subject of a number of research analyst reports. Nomura raised their target price on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Citigroup Inc. restated a “neutral” rating and issued a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $53.82.

ILLEGAL ACTIVITY NOTICE: “Overbrook Management Corp Holds Holdings in U.S. Bancorp (USB)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/11/14/overbrook-management-corp-holds-holdings-in-u-s-bancorp-usb.html.

Shares of U.S. Bancorp (NYSE USB) opened at $51.68 on Tuesday. The company has a market capitalization of $85,646.33, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. U.S. Bancorp has a fifty-two week low of $47.59 and a fifty-two week high of $56.61. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. sell-side analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.28. U.S. Bancorp’s payout ratio is presently 35.61%.

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.