First Allied Advisory Services Inc. trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 184,264 shares of the financial services provider’s stock after selling 2,614 shares during the period. First Allied Advisory Services Inc.’s holdings in U.S. Bancorp were worth $9,947,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Twin Tree Management LP increased its holdings in shares of U.S. Bancorp by 63.2% in the second 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 last quarter. Oarsman Capital Inc. increased its holdings in shares of U.S. Bancorp by 4.5% in the second 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 last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of U.S. Bancorp by 16.5% in the second 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 last quarter. Ontario Teachers Pension Plan Board increased its holdings in shares of U.S. Bancorp by 7.5% in the second 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 last quarter. Finally, Bank of Montreal Can increased its holdings in shares of U.S. Bancorp by 2.6% in the second quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock valued at $320,434,000 after purchasing an additional 159,319 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

U.S. Bancorp (NYSE USB) opened at $56.34 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a one year low of $49.53 and a one year high of $57.69. The company has a market cap of $93,500.00, a PE ratio of 16.77, a P/E/G ratio of 1.93 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the company posted $0.82 earnings per share. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. research analysts anticipate that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.13%. U.S. Bancorp’s dividend payout ratio is 35.71%.

Several equities analysts have commented on the stock. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday. Morgan Stanley upped their price objective 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. Vining Sparks reiterated a “buy” rating and issued a $64.00 price objective on shares of U.S. Bancorp in a report on Monday, January 8th. Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $56.22.

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U.S. Bancorp 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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