Braun Stacey Associates Inc. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,466 shares of the financial services provider’s stock after selling 37,805 shares during the period. Braun Stacey Associates Inc.’s holdings in U.S. Bancorp were worth $12,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in USB. Vanguard Group Inc. increased its stake in U.S. Bancorp by 1.7% during the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares during the last quarter. New England Asset Management Inc. increased its stake in U.S. Bancorp by 52.5% during the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares during the last quarter. Franklin Resources Inc. increased its stake in U.S. Bancorp by 0.7% during the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after purchasing an additional 110,571 shares during the last quarter. Janus Henderson Group PLC increased its stake in U.S. Bancorp by 5,598.0% during the second quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after purchasing an additional 12,431,466 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in U.S. Bancorp by 1.0% during the second quarter. First Eagle Investment Management LLC now owns 11,625,567 shares of the financial services provider’s stock valued at $603,599,000 after purchasing an additional 118,063 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of U.S. Bancorp (USB) traded up $0.35 during midday trading on Monday, reaching $54.50. 13,109,900 shares of the company’s stock were exchanged, compared to its average volume of 6,066,437. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The firm has a market cap of $90,442.26, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. U.S. Bancorp’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. sell-side analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current year.

USB has been the subject of several analyst reports. Citigroup reissued a “neutral” rating and set a $58.00 price target (up previously from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. BidaskClub downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Jefferies Group reissued a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a report on Thursday, October 12th. Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.56.

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U.S. Bancorp Company 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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