BSW Wealth Partners Purchases 23 Shares of U.S. Bancorp (USB)

BSW Wealth Partners lifted its position in shares of U.S. Bancorp (NYSE:USB) by 0.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,973 shares of the financial services provider’s stock after acquiring an additional 23 shares during the period. BSW Wealth Partners’ holdings in U.S. Bancorp were worth $205,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of U.S. Bancorp by 1.2% during the first quarter. State Street Corp now owns 75,509,050 shares of the financial services provider’s stock worth $3,888,995,000 after acquiring an additional 903,504 shares during the last quarter. New England Asset Management Inc. grew its position in shares of U.S. Bancorp by 52.5% during the first 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 acquiring an additional 9,150,126 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of U.S. Bancorp by 1.3% during the first quarter. First Eagle Investment Management LLC now owns 11,507,504 shares of the financial services provider’s stock worth $592,636,000 after acquiring an additional 152,202 shares during the last quarter. Legal & General Group Plc grew its position in shares of U.S. Bancorp by 2.9% during the first quarter. Legal & General Group Plc now owns 8,251,609 shares of the financial services provider’s stock worth $424,985,000 after acquiring an additional 231,478 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in shares of U.S. Bancorp by 1.1% during the first quarter. TIAA CREF Investment Management LLC now owns 6,968,670 shares of the financial services provider’s stock worth $358,887,000 after acquiring an additional 73,504 shares during the last quarter. Institutional investors and hedge funds own 74.21% of the company’s stock.

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U.S. Bancorp (NYSE:USB) traded up 0.91% during mid-day trading on Wednesday, reaching $52.04. 3,117,055 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $52.07 and a 200-day moving average price of $52.20. U.S. Bancorp has a 52 week low of $42.17 and a 52 week high of $56.61. The stock has a market cap of $87.05 billion, a P/E ratio of 15.72 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the previous year, the business posted $0.82 EPS. U.S. Bancorp’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that U.S. Bancorp will post $3.44 earnings per share for the current year.

U.S. Bancorp announced that its board has approved a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $2.60 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

USB has been the subject of several recent research reports. Jefferies Group LLC restated a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, June 9th. BidaskClub upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, July 19th. Argus upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, July 20th. Finally, Wells Fargo & Company initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.50.

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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