Legal & General Group Plc boosted its stake in shares of U.S. Bancorp (NYSE:USB) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,178,246 shares of the financial services provider’s stock after purchasing an additional 167,229 shares during the quarter. Legal & General Group Plc’s holdings in U.S. Bancorp were worth $438,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings 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 period. Principal Financial Group Inc. increased its holdings 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 period. Vanguard Group Inc. increased its holdings 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 period. American Century Companies Inc. increased its holdings in shares of U.S. Bancorp by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after purchasing an additional 1,590,023 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in shares of U.S. Bancorp by 842.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,710,200 shares of the financial services provider’s stock valued at $88,794,000 after purchasing an additional 1,528,700 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $63.00 target price on shares of U.S. Bancorp in a report on Monday. Vining Sparks reiterated a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a report on Monday. UBS Group downgraded U.S. Bancorp from a “buy” rating to a “neutral” rating and upped their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 12th. Piper Jaffray Companies upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.22.

Shares of U.S. Bancorp (NYSE USB) opened at $55.78 on Wednesday. The company has a market capitalization of $92,570.00, a P/E ratio of 16.60, a P/E/G ratio of 1.93 and a beta of 0.85. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.61. 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 (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ 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 return on equity of 13.91% and a net margin of 25.46%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. research analysts expect that U.S. Bancorp will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. U.S. Bancorp’s payout ratio is 35.71%.

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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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