Rikoon Group LLC held its stake in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,820 shares of the financial services provider’s stock at the end of the 2nd quarter. Rikoon Group LLC’s holdings in U.S. Bancorp were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in U.S. Bancorp by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after buying an additional 1,727,498 shares during the period. New England Asset Management Inc. increased its position in U.S. Bancorp by 52.5% during the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock worth $1,368,451,000 after buying an additional 9,150,126 shares during the period. Franklin Resources Inc. increased its position in U.S. Bancorp by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after buying an additional 110,571 shares during the period. Janus Henderson Group PLC increased its position in U.S. Bancorp by 5,598.0% during the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock worth $656,975,000 after buying an additional 12,431,466 shares during the period. Finally, First Eagle Investment Management LLC increased its position in U.S. Bancorp by 1.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,625,567 shares of the financial services provider’s stock worth $603,599,000 after buying an additional 118,063 shares during the period. 74.07% of the stock is owned by institutional investors and hedge funds.

Shares of U.S. Bancorp (NYSE USB) traded up $0.46 during midday trading on Friday, hitting $55.36. The company had a trading volume of 4,370,000 shares, compared to its average volume of 5,067,467. 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 52 week low of $49.53 and a 52 week high of $56.61. The company has a market capitalization of $91,869.42, a PE ratio of 16.43, a P/E/G ratio of 2.15 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 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same quarter last year, the business earned $0.84 earnings per share. U.S. Bancorp’s revenue was up 4.1% on a year-over-year basis. research analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current year.

USB has been the topic of several recent research reports. BidaskClub cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Robert W. Baird reiterated a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Instinet cut U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Nomura cut U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Finally, Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $56.00 to $54.00 in a research report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $54.20.

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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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