Budros Ruhlin & Roe Inc. acquired a new stake in U.S. Bancorp (NYSE:USB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,947 shares of the financial services provider’s stock, valued at approximately $218,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Smith Asset Management Group LP grew its stake in shares of U.S. Bancorp by 16.0% in the 1st quarter. Smith Asset Management Group LP now owns 1,187 shares of the financial services provider’s stock valued at $66,000 after buying an additional 164 shares during the period. Somerset Trust Co boosted its position in shares of U.S. Bancorp by 0.6% during the 1st quarter. Somerset Trust Co now owns 31,353 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 181 shares during the period. North Star Investment Management Corp. boosted its position in shares of U.S. Bancorp by 0.7% during the 1st quarter. North Star Investment Management Corp. now owns 27,682 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 185 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of U.S. Bancorp by 4.1% during the 1st quarter. Joel Isaacson & Co. LLC now owns 4,777 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 190 shares during the period. Finally, JNBA Financial Advisors boosted its position in shares of U.S. Bancorp by 1.6% during the 1st quarter. JNBA Financial Advisors now owns 11,813 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 191 shares during the period. Institutional investors own 74.31% of the company’s stock.
In other U.S. Bancorp news, insider Katherine B. Quinn sold 25,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $61.47, for a total transaction of $1,536,750.00. Also, insider Gunjan Kedia sold 20,000 shares of the stock in a transaction on Wednesday, April 21st. The shares were sold at an average price of $56.94, for a total transaction of $1,138,800.00. Following the sale, the insider now directly owns 84,526 shares of the company’s stock, valued at approximately $4,812,910.44. The disclosure for this sale can be found here. Insiders sold 312,153 shares of company stock valued at $18,005,134 over the last 90 days. 0.23% of the stock is owned by company insiders.
NYSE USB opened at $58.61 on Friday. The business’s 50 day simple moving average is $59.16. U.S. Bancorp has a one year low of $34.01 and a one year high of $62.47. The firm has a market capitalization of $87.31 billion, a PE ratio of 15.42, a P/E/G ratio of 2.20 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.81.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 14th. The financial services provider reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.49. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.53 billion. U.S. Bancorp had a net margin of 24.16% and a return on equity of 12.52%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, sell-side analysts predict that U.S. Bancorp will post 4.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $1.68 dividend on an annualized basis and a yield of 2.87%. U.S. Bancorp’s dividend payout ratio is presently 54.90%.
U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products.
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