Ariel Investments LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 387,748 shares of the financial services provider’s stock after purchasing an additional 10,339 shares during the quarter. Ariel Investments LLC’s holdings in U.S. Bancorp were worth $20,776,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $106,000. Delpha Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $109,000. James Hambro & Partners acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth $110,000. Horan Capital Advisors LLC. acquired a new stake in shares of U.S. Bancorp during the third quarter worth $112,000. Finally, Phocas Financial Corp. acquired a new stake in shares of U.S. Bancorp during the second quarter worth $109,000. 73.52% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Craig E. Gifford sold 45,890 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman P.W. Parker sold 98,485 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,016 shares of company stock valued at $9,356,775. Company insiders own 0.39% of the company’s stock.
U.S. Bancorp (USB) opened at $55.28 on Monday. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $58.50. The firm has a market capitalization of $91,320.00, a price-to-earnings ratio of 18.61, a PEG ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts forecast that U.S. Bancorp will post 4.05 EPS for the current year.
U.S. Bancorp Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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