IFP Advisors Inc decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,726 shares of the financial services provider’s stock after selling 9,323 shares during the quarter. IFP Advisors Inc’s holdings in U.S. Bancorp were worth $7,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in shares of U.S. Bancorp by 6.3% in the third quarter. Canada Pension Plan Investment Board now owns 2,866,820 shares of the financial services provider’s stock valued at $153,633,000 after purchasing an additional 171,100 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of U.S. Bancorp by 17.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,285 shares of the financial services provider’s stock valued at $3,016,000 after purchasing an additional 8,201 shares during the period. Brightworth acquired a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $5,528,000. Ironwood Investment Counsel LLC increased its stake in shares of U.S. Bancorp by 6.1% in the third quarter. Ironwood Investment Counsel LLC now owns 97,607 shares of the financial services provider’s stock valued at $5,231,000 after purchasing an additional 5,620 shares during the period. Finally, Bainco International Investors increased its stake in shares of U.S. Bancorp by 5.5% in the third quarter. Bainco International Investors now owns 198,602 shares of the financial services provider’s stock valued at $10,643,000 after purchasing an additional 10,290 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.

U.S. Bancorp (USB) opened at $54.53 on Friday. 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 stock has a market cap of $90,043.98, a P/E ratio of 16.10, a PEG ratio of 2.11 and a beta of 0.85. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 25.46% and a return on equity of 13.91%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.

Several equities research analysts have commented on USB shares. Jefferies Group restated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Thursday, October 12th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Robert W. Baird restated a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Citigroup restated a “neutral” rating and issued a $58.00 price target (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $54.73.

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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.

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

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