Baltimore Washington Financial Advisors Inc. lowered its position in shares of U.S. Bancorp (NYSE:USB) by 9.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,962 shares of the financial services provider’s stock after selling 15,873 shares during the period. U.S. Bancorp comprises about 1.8% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 24th largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in U.S. Bancorp were worth $7,822,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of U.S. Bancorp by 5,598.0% in the second 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. New England Asset Management Inc. increased its holdings 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 valued at $1,368,451,000 after purchasing an additional 9,150,126 shares during the period. Principal Financial Group Inc. increased its holdings in U.S. Bancorp by 154.2% during 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 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 valued at $5,481,092,000 after purchasing an additional 1,727,498 shares during the period. Finally, AQR Capital Management LLC increased its holdings in U.S. Bancorp by 54.2% during 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 period. 74.07% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp (USB) traded down $0.90 during mid-day trading on Thursday, hitting $54.60. The company’s stock had a trading volume of 5,046,500 shares, compared to its average volume of 6,043,751. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $92,118.34, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.16 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts forecast that U.S. Bancorp will post 3.43 earnings per share for the current year.

USB has been the topic of a number of research analyst reports. Nomura boosted their price target on U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Citigroup restated a “neutral” rating and set a $58.00 price target (up previously from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.56.

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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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