Marathon Asset Management LLP cut its position in shares of U.S. Bancorp (NYSE:USB) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,493,949 shares of the financial services provider’s stock after selling 46,841 shares during the period. U.S. Bancorp makes up about 2.2% of Marathon Asset Management LLP’s portfolio, making the stock its 6th biggest holding. Marathon Asset Management LLP owned about 0.15% of U.S. Bancorp worth $134,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in USB. Janus Henderson Group PLC lifted its stake in shares of U.S. Bancorp by 5,598.0% in the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after purchasing an additional 12,431,466 shares during the last quarter. New England Asset Management Inc. lifted its stake in shares of U.S. Bancorp by 52.5% in the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of U.S. Bancorp by 154.2% in the 2nd quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock valued at $303,034,000 after purchasing an additional 3,540,530 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of U.S. Bancorp by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of U.S. Bancorp by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 4,698,271 shares of the financial services provider’s stock valued at $241,961,000 after purchasing an additional 1,652,219 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Shares of U.S. Bancorp (NYSE:USB) opened at $54.50 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. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $56.61. The firm has a market capitalization of $90,442.26, a P/E ratio of 16.17, a PEG ratio of 2.12 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 earnings per share for the quarter, hitting the consensus estimate 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 the consensus estimate of $5.60 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts anticipate that U.S. Bancorp will post 3.43 EPS for the current year.

Several research firms have recently issued reports on USB. UBS lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and raised their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Morgan Stanley raised their price objective on U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Nomura lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.56.

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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.

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

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