Worldquant Millennium Quantitative Strategies LLC Boosts Holdings in U.S. Bancorp (USB)

Worldquant Millennium Quantitative Strategies LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,617 shares of the financial services provider’s stock after purchasing an additional 2,445 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC’s holdings in U.S. Bancorp were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in USB. Cipher Capital LP bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $6,568,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $1,890,000. Gotham Asset Management LLC raised its position in U.S. Bancorp by 1,011.1% during the 4th quarter. Gotham Asset Management LLC now owns 58,710 shares of the financial services provider’s stock worth $2,683,000 after buying an additional 53,426 shares during the last quarter. Miramar Capital LLC purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $3,667,000. Finally, Sontag Advisory LLC purchased a new position in U.S. Bancorp during the 4th quarter worth approximately $55,000. 75.82% of the stock is currently owned by institutional investors.

Shares of NYSE USB traded down $0.33 during trading on Monday, hitting $49.89. 4,434,969 shares of the company were exchanged, compared to its average volume of 6,579,621. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $55.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. The firm has a market cap of $80.17 billion, a PE ratio of 12.17, a P/E/G ratio of 1.64 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. Research analysts expect that U.S. Bancorp will post 4.31 EPS for the current year.

The business 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. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.48 annualized dividend and a yield of 2.97%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 36.10%.

A number of equities analysts have issued reports on USB shares. Barclays raised their price target on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. Jefferies Financial Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, January 28th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Three research 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. The company has an average rating of “Hold” and a consensus price target of $58.08.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the sale, the insider now directly owns 61,737 shares in the company, valued at approximately $3,179,455.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

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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.

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

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