Culbertson A N & Co. Inc. lifted its stake in U.S. Bancorp (NYSE:USB) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,713 shares of the financial services provider’s stock after buying an additional 1,886 shares during the period. Culbertson A N & Co. Inc.’s holdings in U.S. Bancorp were worth $2,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudock Capital Group LLC increased its holdings in U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares during the period. BSW Wealth Partners increased its holdings in U.S. Bancorp by 0.6% during the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 22 shares during the period. First National Bank of Hutchinson increased its holdings in U.S. Bancorp by 0.3% during the 2nd quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 32 shares during the period. D. Scott Neal Inc. increased its holdings in U.S. Bancorp by 0.5% during the 2nd quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 36 shares during the period. Finally, Budros Ruhlin & Roe Inc. increased its holdings in U.S. Bancorp by 0.5% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Several analysts have weighed in on the company. Jefferies Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 12th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Citigroup reaffirmed a “neutral” rating and set a $58.00 price objective (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $54.56.

Shares of U.S. Bancorp (NYSE USB) traded up $0.23 on Wednesday, hitting $55.50. The stock had a trading volume of 6,037,300 shares, compared to its average volume of 6,047,924. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $56.61. The company has a market cap of $91,720.07, a PE ratio of 16.40, a P/E/G ratio of 2.15 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts forecast that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

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About U.S. Bancorp

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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