Gilbert & Cook Inc. Grows Stake in U.S. Bancorp (NYSE:USB)

Share on StockTwits

Gilbert & Cook Inc. grew its position in shares of U.S. Bancorp (NYSE:USB) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,626 shares of the financial services provider’s stock after purchasing an additional 269 shares during the period. Gilbert & Cook Inc.’s holdings in U.S. Bancorp were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Daily Journal Corp grew its position in shares of U.S. Bancorp by 9,900.0% during the 2nd quarter. Daily Journal Corp now owns 14,000,000 shares of the financial services provider’s stock valued at $7,336,000 after purchasing an additional 13,860,000 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 17,492.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 12,734,464 shares of the financial services provider’s stock worth $667,286,000 after acquiring an additional 12,662,079 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of U.S. Bancorp by 115.2% during the 2nd quarter. APG Asset Management N.V. now owns 3,824,226 shares of the financial services provider’s stock worth $175,965,000 after acquiring an additional 2,046,900 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of U.S. Bancorp by 140.8% during the 2nd quarter. Acadian Asset Management LLC now owns 2,005,750 shares of the financial services provider’s stock worth $105,104,000 after acquiring an additional 1,172,955 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of U.S. Bancorp by 40.2% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 3,974,817 shares of the financial services provider’s stock worth $208,279,000 after acquiring an additional 1,140,289 shares during the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.

U.S. Bancorp stock traded down $0.20 during mid-day trading on Friday, hitting $58.90. The company’s stock had a trading volume of 3,152,308 shares, compared to its average volume of 5,770,772. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $92.33 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 2.25 and a beta of 1.11. The business has a 50 day moving average price of $55.56 and a 200-day moving average price of $53.63. U.S. Bancorp has a 12 month low of $43.14 and a 12 month high of $59.71.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.81 billion. U.S. Bancorp had a net margin of 26.54% and a return on equity of 15.39%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, equities research analysts expect that U.S. Bancorp will post 4.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a yield of 2.85%. U.S. Bancorp’s payout ratio is currently 40.98%.

A number of analysts have recently issued reports on USB shares. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $55.00 to $53.00 in a report on Monday, September 30th. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $55.00 to $56.00 and gave the stock an “underweight” rating in a report on Thursday, July 18th. Wedbush lifted their price objective on shares of U.S. Bancorp from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Deutsche Bank set a $59.00 price objective on shares of U.S. Bancorp and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Piper Jaffray Companies set a $59.00 price objective on shares of U.S. Bancorp and gave the stock a “buy” rating in a report on Friday, September 13th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.67.

In other U.S. Bancorp news, Director David B. Omaley sold 10,133 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $55.76, for a total value of $565,016.08. Following the completion of the sale, the director now directly owns 191,754 shares of the company’s stock, valued at $10,692,203.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gillern Jeffry H. Von sold 5,357 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $56.67, for a total transaction of $303,581.19. Following the completion of the sale, the insider now directly owns 89,301 shares of the company’s stock, valued at $5,060,687.67. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.

Recommended Story: Risk Tolerance

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.