Triangle Securities Wealth Management lowered its position in shares of U.S. Bancorp (NYSE:USB – Get Rating) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,076 shares of the financial services provider’s stock after selling 941 shares during the quarter. Triangle Securities Wealth Management’s holdings in U.S. Bancorp were worth $1,442,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Mach 1 Financial Group LLC purchased a new position in U.S. Bancorp during the third quarter valued at approximately $26,000. EWG Elevate Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $28,000. Kistler Tiffany Companies LLC grew its position in U.S. Bancorp by 334.0% during the third quarter. Kistler Tiffany Companies LLC now owns 868 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 668 shares in the last quarter. Heritage Wealth Management LLC purchased a new position in U.S. Bancorp during the second quarter valued at approximately $37,000. Finally, General Partner Inc. purchased a new position in U.S. Bancorp during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on USB. Citigroup boosted their price objective on shares of U.S. Bancorp from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, January 27th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. DA Davidson assumed coverage on shares of U.S. Bancorp in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $47.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of U.S. Bancorp in a research report on Sunday, February 26th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of U.S. Bancorp from $60.00 to $52.00 in a research report on Friday, January 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and a consensus target price of $54.83.
U.S. Bancorp Stock Performance
U.S. Bancorp (NYSE:USB – Get Rating) last released its earnings results on Wednesday, January 25th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.11 by $0.09. The firm had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.61 billion. U.S. Bancorp had a net margin of 21.26% and a return on equity of 16.13%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, research analysts expect that U.S. Bancorp will post 5.01 EPS for the current year.
U.S. Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend is Thursday, March 30th. U.S. Bancorp’s payout ratio is currently 51.75%.
About U.S. Bancorp
U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.
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