Stifel Financial Corp Sells 307,099 Shares of U.S. Bancorp (NYSE:USB)

Stifel Financial Corp lessened its stake in U.S. Bancorp (NYSE:USB) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,940,207 shares of the financial services provider’s stock after selling 307,099 shares during the period. Stifel Financial Corp owned about 0.12% of U.S. Bancorp worth $100,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new stake in shares of U.S. Bancorp during the second quarter worth approximately $103,000. SRS Capital Advisors Inc. increased its holdings in shares of U.S. Bancorp by 17.0% during the first quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after buying an additional 371 shares in the last quarter. Pathstone Family Office LLC increased its holdings in shares of U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after buying an additional 386 shares in the last quarter. Hudock Capital Group LLC increased its holdings in shares of U.S. Bancorp by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after buying an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in shares of U.S. Bancorp by 16.6% during the second quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

A number of analysts recently weighed in on the stock. J P Morgan Chase & Co reduced their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Nomura raised their price objective on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Finally, Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.20.

Shares of U.S. Bancorp (NYSE:USB) traded down $0.81 during mid-day trading on Wednesday, reaching $54.82. 6,004,100 shares of the company’s stock traded hands, compared to its average volume of 6,080,882. The firm has a market cap of $91,110.00, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.17 and a beta of 0.85. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $56.61. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.

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 for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. U.S. Bancorp’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. equities analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.

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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.

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

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