Bridges Investment Management Inc. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,812 shares of the financial services provider’s stock after selling 1,955 shares during the quarter. Bridges Investment Management Inc.’s holdings in U.S. Bancorp were worth $7,116,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 1.7% during the second 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 during the period. Franklin Resources Inc. grew its holdings in U.S. Bancorp by 0.7% in the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after purchasing an additional 110,571 shares during the last quarter. Janus Henderson Group PLC grew its holdings in U.S. Bancorp by 4.5% in the third quarter. Janus Henderson Group PLC now owns 13,226,329 shares of the financial services provider’s stock worth $708,794,000 after purchasing an additional 572,794 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in U.S. Bancorp by 2.4% in the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock worth $637,825,000 after purchasing an additional 276,373 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in U.S. Bancorp by 3.5% in the fourth quarter. American Century Companies Inc. now owns 9,521,784 shares of the financial services provider’s stock worth $510,177,000 after purchasing an additional 318,117 shares during the last quarter. 72.80% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on USB shares. Deutsche Bank raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $63.00 in a report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Jefferies Group reaffirmed a “buy” rating and issued a $63.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Piper Jaffray Companies raised shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Friday, January 5th. Finally, UBS Group lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.13.
Shares of U.S. Bancorp (NYSE:USB) opened at $55.01 on Wednesday. The firm has a market cap of $91,290.00, a price-to-earnings ratio of 18.52, a PEG ratio of 1.83 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $58.50.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. analysts predict that U.S. Bancorp will post 4.05 EPS for the current fiscal year.
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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