Indiana Trust & Investment Management CO trimmed its holdings in U.S. Bancorp (NYSE:USB) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,555 shares of the financial services provider’s stock after selling 1,326 shares during the period. Indiana Trust & Investment Management CO’s holdings in U.S. Bancorp were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Shelton Capital Management boosted its holdings in U.S. Bancorp by 51.2% in the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after purchasing an additional 45,116 shares during the period. Twin Tree Management LP boosted its holdings in U.S. Bancorp by 63.2% in the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 13,295 shares during the period. Oarsman Capital Inc. boosted its holdings in U.S. Bancorp by 4.5% in the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 488 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in U.S. Bancorp by 16.5% in the 2nd 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 purchasing an additional 52,380 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its holdings in U.S. Bancorp by 7.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after purchasing an additional 14,678 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Several brokerages have commented on USB. UBS downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price target for the company from $58.00 to $60.00 in a report on Tuesday. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the company from $56.00 to $54.00 in a report on Monday, October 2nd. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Three research 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’s stock. The company has an average rating of “Hold” and an average price target of $54.56.

U.S. Bancorp (NYSE:USB) traded up $0.23 during midday trading on Wednesday, hitting $55.50. 6,037,300 shares of the stock were exchanged, compared to its average volume of 6,047,924. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $91,720.07, a P/E ratio of 16.40, a P/E/G ratio of 2.15 and a beta of 0.85.

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, hitting analysts’ consensus estimates 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%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. sell-side analysts predict that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.

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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.

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

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