Mariner Wealth Advisors LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 45.7% during the fourth quarter, HoldingsChannel reports. The firm owned 38,115 shares of the financial services provider’s stock after acquiring an additional 11,952 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $2,042,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of 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 worth $5,481,092,000 after acquiring an additional 1,727,498 shares during the period. Franklin Resources Inc. increased its position in shares of U.S. Bancorp by 0.7% during the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after acquiring an additional 110,571 shares during the period. Janus Henderson Group PLC increased its position in shares of U.S. Bancorp by 4.5% during 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 acquiring an additional 572,794 shares during the period. First Eagle Investment Management LLC increased its position in shares of U.S. Bancorp by 2.4% during 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 acquiring an additional 276,373 shares during the period. Finally, American Century Companies Inc. increased its position in shares of U.S. Bancorp by 3.5% during 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 acquiring an additional 318,117 shares during the period. Institutional investors own 72.80% of the company’s stock.
A number of analysts have recently weighed in on USB shares. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $63.00 in a research report on Thursday, January 25th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 price objective on shares of U.S. Bancorp in a research report on Monday, January 8th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price objective on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. cut their price objective on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average target price of $58.13.
U.S. Bancorp (NYSE USB) opened at $54.36 on Thursday. The company has a market capitalization of $90,210.00, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.84 and a beta of 0.87. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $58.50.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.89% and a net margin of 25.91%. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. equities analysts expect that U.S. Bancorp will post 4.05 EPS for the current fiscal year.
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About U.S. Bancorp
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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