Family Management Corp lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 92,085 shares of the financial services provider’s stock after selling 3,025 shares during the period. U.S. Bancorp makes up 3.4% of Family Management Corp’s investment portfolio, making the stock its 9th biggest holding. Family Management Corp’s holdings in U.S. Bancorp were worth $4,935,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Tree Management LP increased its stake in U.S. Bancorp by 63.2% in the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after acquiring an additional 13,295 shares during the period. Oarsman Capital Inc. increased its stake in U.S. Bancorp by 4.5% in the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 488 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in U.S. Bancorp by 16.5% in the second 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. Ontario Teachers Pension Plan Board increased its stake in U.S. Bancorp by 7.5% in the second 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. Finally, Bank of Montreal Can increased its stake in U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after acquiring an additional 159,319 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently weighed in on USB shares. Piper Jaffray Companies raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a research note on Friday, January 5th. 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 note on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 12th. Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.22.

U.S. Bancorp (USB) opened at $56.98 on Friday. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $57.12. The stock has a market cap of $94,560.00, a P/E ratio of 16.96, a PEG ratio of 1.93 and a beta of 0.85. 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 (NYSE:USB) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same period in the prior year, the business earned $0.84 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. U.S. Bancorp’s payout ratio is 35.71%.

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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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