Harfst & Associates Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,645 shares of the financial services provider’s stock after selling 200 shares during the period. Harfst & Associates Inc.’s holdings in U.S. Bancorp were worth $137,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of USB. Hudock Capital Group LLC raised 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 last quarter. BSW Wealth Partners raised 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 last quarter. First National Bank of Hutchinson raised 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 last quarter. D. Scott Neal Inc. raised 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 last quarter. Finally, Budros Ruhlin & Roe Inc. raised 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 last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

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Shares of U.S. Bancorp (NYSE:USB) opened at $51.89 on Wednesday. The company has a market cap of $86,110.00, a PE ratio of 15.40, a PEG ratio of 2.02 and a beta of 0.86. 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 one year low of $48.77 and a one year high of $56.61.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.60 billion. U.S. Bancorp had a net margin of 28.23% and a return on equity of 13.82%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. research analysts forecast that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $59.00 target price on shares of U.S. Bancorp in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. J P Morgan Chase & Co reduced 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. Finally, Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $54.19.

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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