FIL Ltd Acquires 445,655 Shares of U.S. Bancorp (NYSE:USB)

FIL Ltd increased its position in U.S. Bancorp (NYSE:USB) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,935,879 shares of the financial services provider’s stock after buying an additional 445,655 shares during the period. U.S. Bancorp accounts for approximately 1.0% of FIL Ltd’s investment portfolio, making the stock its 20th biggest holding. FIL Ltd owned about 0.41% of U.S. Bancorp worth $360,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. Hudock Capital Group LLC lifted its position in shares of U.S. Bancorp by 0.4% during the 2nd 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. BSW Wealth Partners lifted its position in shares of U.S. Bancorp by 0.6% during the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock worth $207,000 after buying an additional 22 shares in the last quarter. First National Bank of Hutchinson lifted its position in shares of U.S. Bancorp by 0.3% during the 2nd quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock worth $576,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. lifted its position in shares of U.S. Bancorp by 0.5% during the 2nd quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock worth $391,000 after buying an additional 36 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. lifted its position in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock worth $389,000 after buying an additional 39 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp (USB) traded down $0.23 on Wednesday, hitting $54.59. 3,821,775 shares of the stock were exchanged, compared to its average volume of 6,071,269. The stock 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. 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 12-month low of $49.53 and a 12-month high of $56.61.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.60 billion. During the same period in the previous year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts forecast that U.S. Bancorp will post 3.43 earnings per share for the current year.

Several equities research analysts have recently issued reports on USB shares. J P Morgan Chase & Co decreased their price target on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research upgraded 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 target on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $54.20.

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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.

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

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