U.S. Bancorp (USB) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its stake in U.S. Bancorp (NYSE:USB) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,323,268 shares of the financial services provider’s stock after purchasing an additional 166,811 shares during the quarter. U.S. Bancorp comprises approximately 1.0% of Westwood Holdings Group Inc.’s holdings, making the stock its 25th largest holding. Westwood Holdings Group Inc. owned 0.14% of U.S. Bancorp worth $120,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of 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 valued at $656,975,000 after buying an additional 12,431,466 shares in the last quarter. New England Asset Management Inc. raised its position in shares of 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 buying an additional 9,150,126 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of 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 buying an additional 3,540,530 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 buying an additional 1,727,498 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of 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 buying an additional 1,652,219 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Shares of U.S. Bancorp (NYSE USB) traded down $0.23 during mid-day trading on Thursday, reaching $54.59. 3,822,000 shares of the company’s stock were exchanged, compared to its average volume of 6,071,269. 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 twelve month low of $49.53 and a twelve month high of $56.61. The company has a market cap of $90,973.30, a P/E ratio of 16.27, a P/E/G ratio of 2.13 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on USB. Jefferies Group restated a “buy” rating and set a $59.00 target price on shares of U.S. Bancorp in a research report on Friday, August 11th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Morgan Stanley increased their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research report on Thursday, October 19th. Nomura lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target 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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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