Ancora Advisors LLC reduced its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,786 shares of the financial services provider’s stock after selling 2,256 shares during the quarter. Ancora Advisors LLC’s holdings in U.S. Bancorp were worth $2,457,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. HC Financial Advisors Inc. grew its position in U.S. Bancorp by 5.2% during the 3rd quarter. HC Financial Advisors Inc. now owns 42,967 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,143 shares during the last quarter. MML Investors Services LLC boosted its position in shares of U.S. Bancorp by 51.5% during the third quarter. MML Investors Services LLC now owns 32,777 shares of the financial services provider’s stock valued at $1,731,000 after purchasing an additional 11,135 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of U.S. Bancorp by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 15,961,974 shares of the financial services provider’s stock valued at $842,951,000 after purchasing an additional 94,114 shares in the last quarter. CI Investments Inc. boosted its position in shares of U.S. Bancorp by 2.3% during the third quarter. CI Investments Inc. now owns 915,600 shares of the financial services provider’s stock valued at $48,353,000 after purchasing an additional 21,000 shares in the last quarter. Finally, CIBC World Markets Inc. raised its stake in U.S. Bancorp by 36.8% during the third quarter. CIBC World Markets Inc. now owns 62,455 shares of the financial services provider’s stock valued at $3,298,000 after buying an additional 16,810 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.
Shares of USB stock traded down $0.33 during mid-day trading on Monday, hitting $49.89. The company’s stock had a trading volume of 4,434,969 shares, compared to its average volume of 6,579,621. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $55.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $80.17 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.64 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 28th. U.S. Bancorp’s payout ratio is currently 36.10%.
In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction on Monday, February 4th. The stock was sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.
A number of research analysts have issued reports on USB shares. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, December 18th. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, January 28th. Oppenheimer lifted their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Barclays lifted their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. U.S. Bancorp has an average rating of “Hold” and an average target price of $58.08.
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U.S. Bancorp 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.
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