Resources Investment Advisors Inc. Increases Holdings in U.S. Bancorp (USB)

Resources Investment Advisors Inc. raised its stake in shares of U.S. Bancorp (NYSE:USB) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,734 shares of the financial services provider’s stock after buying an additional 1,604 shares during the period. Resources Investment Advisors Inc.’s holdings in U.S. Bancorp were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in USB. WESPAC Advisors SoCal LLC bought a new position in U.S. Bancorp in the 4th quarter worth $27,000. Gantzert Investment Co. LLC ADV bought a new position in U.S. Bancorp in the 4th quarter worth $32,000. Centerpoint Advisors LLC bought a new position in U.S. Bancorp in the 4th quarter worth $45,000. Athena Capital Advisors LLC bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $46,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 74.18% of the company’s stock.

U.S. Bancorp stock opened at $51.71 on Friday. 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 has a 1-year low of $43.14 and a 1-year high of $55.56. The stock has a market capitalization of $81.69 billion, a P/E ratio of 12.61, a PEG ratio of 1.68 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the prior year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the 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 of the company’s stock, valued at approximately $3,179,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Several research firms have commented on USB. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, November 19th. Standpoint Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and increased their price objective for the company from $54.16 to $63.00 in a report on Monday, November 26th. They noted that the move was a valuation call. Deutsche Bank downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, January 28th. Finally, Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. 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 stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.00.

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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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