Gideon Capital Advisors Inc. Invests $3.81 Million in U.S. Bancorp (USB)

Gideon Capital Advisors Inc. acquired a new position in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,259 shares of the financial services provider’s stock, valued at approximately $3,805,000. U.S. Bancorp comprises about 1.6% of Gideon Capital Advisors Inc.’s investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds have also bought and sold shares of the company. WESPAC Advisors SoCal LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $27,000. Gantzert Investment Co. LLC ADV purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $32,000. Centerpoint Advisors LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at about $45,000. Athena Capital Advisors LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at about $46,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in U.S. Bancorp in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 74.18% of the company’s stock.

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

Several research firms have commented on USB. Zacks Investment Research reissued a “hold” rating on shares of U.S. Bancorp in a research report on Monday, December 31st. Jefferies Financial Group lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and raised their price objective for the company from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Barclays raised their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. Finally, Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $58.00.

Shares of NYSE USB opened at $52.07 on Friday. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The stock has a market cap of $81.69 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that U.S. Bancorp will post 4.35 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2019/03/17/gideon-capital-advisors-inc-invests-3-81-million-in-u-s-bancorp-usb.html.

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.

Further Reading: Commodities

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.