Krilogy Financial LLC reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,179 shares of the financial services provider’s stock after selling 84 shares during the period. Krilogy Financial LLC’s holdings in U.S. Bancorp were worth $217,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in USB. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in U.S. Bancorp during the 1st quarter worth $249,000. Donaldson Capital Management LLC raised its position in shares of U.S. Bancorp by 22.1% in the 1st quarter. Donaldson Capital Management LLC now owns 354,067 shares of the financial services provider’s stock worth $18,234,000 after acquiring an additional 64,109 shares in the last quarter. Bank of The Ozarks raised its position in shares of U.S. Bancorp by 3.0% in the 1st quarter. Bank of The Ozarks now owns 82,853 shares of the financial services provider’s stock worth $4,267,000 after acquiring an additional 2,375 shares in the last quarter. Prudential Financial Inc. raised its position in shares of U.S. Bancorp by 1.7% in the 1st quarter. Prudential Financial Inc. now owns 2,824,398 shares of the financial services provider’s stock worth $145,457,000 after acquiring an additional 46,030 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of U.S. Bancorp by 9.7% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,129 shares of the financial services provider’s stock worth $3,869,000 after acquiring an additional 6,660 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on USB. Wells Fargo & Company began coverage on U.S. Bancorp in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price objective for the company. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $56.00 to $54.00 in a research report on Monday, October 2nd. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group reissued a “buy” rating and issued a $59.00 price objective on shares of U.S. Bancorp in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.20.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. equities research analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current 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.
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