NBC Securities Inc. Has $914,000 Holdings in U.S. Bancorp (NYSE:USB)

NBC Securities Inc. lessened its stake in U.S. Bancorp (NYSE:USBFree Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,450 shares of the financial services provider’s stock after selling 884 shares during the quarter. NBC Securities Inc.’s holdings in U.S. Bancorp were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. QRG Capital Management Inc. acquired a new stake in U.S. Bancorp in the 3rd quarter valued at about $566,000. Qtron Investments LLC acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth approximately $282,000. CI Investments Inc. grew its position in shares of U.S. Bancorp by 2.9% during the 3rd quarter. CI Investments Inc. now owns 44,981 shares of the financial services provider’s stock worth $1,487,000 after buying an additional 1,251 shares during the period. Hsbc Holdings PLC grew its position in shares of U.S. Bancorp by 23.3% during the 3rd quarter. Hsbc Holdings PLC now owns 2,607,794 shares of the financial services provider’s stock worth $86,234,000 after buying an additional 492,775 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of U.S. Bancorp by 4.4% during the 3rd quarter. Clearbridge Investments LLC now owns 4,978,278 shares of the financial services provider’s stock worth $164,582,000 after buying an additional 210,949 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price target (down previously from $52.00) on shares of U.S. Bancorp in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. UBS Group lowered their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their price objective on shares of U.S. Bancorp from $45.00 to $43.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, HSBC raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, March 28th. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.02.

Read Our Latest Research Report on USB

U.S. Bancorp Stock Up 0.5 %

Shares of NYSE USB traded up $0.20 during midday trading on Wednesday, reaching $39.29. The company’s stock had a trading volume of 6,308,932 shares, compared to its average volume of 7,426,898. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The stock has a market capitalization of $61.31 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 3.75 and a beta of 1.04. The stock has a 50 day simple moving average of $40.54 and a 200-day simple moving average of $41.72.

U.S. Bancorp (NYSE:USBGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that U.S. Bancorp will post 3.85 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.99%. U.S. Bancorp’s payout ratio is 64.90%.

About U.S. Bancorp

(Free Report)

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 through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

See Also

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

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