Triangle Securities Wealth Management raised its holdings in U.S. Bancorp (NYSE:USB – Get Rating) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,576 shares of the financial services provider’s stock after purchasing an additional 403 shares during the period. Triangle Securities Wealth Management’s holdings in U.S. Bancorp were worth $1,678,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in USB. Norges Bank bought a new position in U.S. Bancorp during the 4th quarter worth $768,650,000. State Street Corp increased its position in shares of U.S. Bancorp by 3.0% in the fourth quarter. State Street Corp now owns 63,110,227 shares of the financial services provider’s stock worth $3,573,671,000 after purchasing an additional 1,841,651 shares during the period. BlackRock Inc. raised its stake in U.S. Bancorp by 1.9% in the fourth quarter. BlackRock Inc. now owns 95,616,688 shares of the financial services provider’s stock valued at $5,370,789,000 after purchasing an additional 1,789,050 shares in the last quarter. Schroder Investment Management Group lifted its position in U.S. Bancorp by 54.9% during the fourth quarter. Schroder Investment Management Group now owns 3,668,136 shares of the financial services provider’s stock worth $206,039,000 after purchasing an additional 1,299,437 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in U.S. Bancorp during the fourth quarter worth about $52,720,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.
Shares of U.S. Bancorp stock opened at $46.50 on Thursday. The stock has a market capitalization of $69.09 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. U.S. Bancorp has a one year low of $44.79 and a one year high of $63.57. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.75 and a quick ratio of 0.74. The business’s 50 day simple moving average is $49.94 and its two-hundred day simple moving average is $54.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 29th. U.S. Bancorp’s payout ratio is currently 39.66%.
A number of brokerages have recently weighed in on USB. Morgan Stanley cut their price target on shares of U.S. Bancorp from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, March 28th. Oppenheimer boosted their price target on U.S. Bancorp from $67.00 to $72.00 in a report on Tuesday, May 3rd. UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $64.00 to $56.00 in a research note on Friday, April 8th. StockNews.com began coverage on shares of U.S. Bancorp in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wolfe Research reduced their price objective on shares of U.S. Bancorp from $62.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.77.
About U.S. Bancorp (Get Rating)
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments.
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