Beacon Financial Group acquired a new position in U.S. Bancorp (NYSE:USB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,999 shares of the financial services provider’s stock, valued at approximately $429,000.

Other large investors have also recently added to or reduced their stakes in the company. Shelton Capital Management boosted its holdings in shares of U.S. Bancorp by 51.2% in the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares during the period. Twin Tree Management LP boosted its holdings in shares of U.S. Bancorp by 63.2% in the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 13,295 shares during the period. Oarsman Capital Inc. boosted its holdings in shares of U.S. Bancorp by 4.5% in the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 488 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in U.S. Bancorp by 16.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after acquiring an additional 52,380 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its holdings in U.S. Bancorp by 7.5% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after acquiring an additional 14,678 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on USB. UBS cut U.S. Bancorp from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $58.00 to $60.00 in a report on Tuesday. Morgan Stanley boosted their price objective on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Nomura cut U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $54.56.

U.S. Bancorp (USB) traded down $0.09 on Tuesday, hitting $55.27. The stock had a trading volume of 3,891,900 shares, compared to its average volume of 6,047,968. The company has a market cap of $91,869.42, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.15 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. research analysts forecast that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.

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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.

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

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