Rehmann Capital Advisory Group decreased its position in U.S. Bancorp (NYSE:USB) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,115 shares of the financial services provider’s stock after selling 1,191 shares during the quarter. Rehmann Capital Advisory Group’s holdings in U.S. Bancorp were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in USB. Stelac Advisory Services LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $103,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $109,000. Pathstone Family Office LLC boosted its stake in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares in the last quarter. Hudock Capital Group LLC boosted its stake in shares of U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares in the last quarter. Finally, Sky Investment Group LLC bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

U.S. Bancorp (NYSE USB) opened at $54.78 on Tuesday. 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 $90,910.00, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting 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 for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. sell-side analysts predict that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. UBS lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. 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. J P Morgan Chase & Co cut their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 12th. Finally, Citigroup reaffirmed a “neutral” rating and set a $58.00 target price (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, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.56.

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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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