BB&T Corp reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 564,641 shares of the financial services provider’s stock after selling 48,553 shares during the quarter. BB&T Corp’s holdings in U.S. Bancorp were worth $30,260,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Hudock Capital Group LLC boosted its holdings in shares of U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners boosted its holdings in shares of U.S. Bancorp by 0.6% during the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 22 shares during the period. First National Bank of Hutchinson boosted its holdings in shares of U.S. Bancorp by 0.3% during the second quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 32 shares during the period. D. Scott Neal Inc. boosted its holdings in shares of U.S. Bancorp by 0.5% during the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 36 shares during the period. Finally, Budros Ruhlin & Roe Inc. boosted its holdings in shares of U.S. Bancorp by 0.5% during the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 39 shares during the period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. UBS lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. J P Morgan Chase & Co dropped their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a report on Thursday, October 12th. Finally, Citigroup restated a “neutral” rating and issued a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.56.

Shares of U.S. Bancorp (USB) traded up $0.35 on Friday, reaching $54.50. 13,109,926 shares of the company’s stock traded hands, compared to its average volume of 4,924,734. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61. The stock has a market capitalization of $89,861.44, a price-to-earnings ratio of 16.07, a PEG ratio of 2.11 and a beta of 0.85.

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

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

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