U.S. Bancorp (USB) Holdings Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in U.S. Bancorp (NYSE:USB) by 60.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,164 shares of the financial services provider’s stock after selling 63,171 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in U.S. Bancorp were worth $2,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in USB. Janus Henderson Group PLC boosted its holdings in shares of U.S. Bancorp by 5,598.0% in the second quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock worth $656,975,000 after buying an additional 12,431,466 shares during the period. New England Asset Management Inc. boosted its holdings in shares of U.S. Bancorp by 52.5% in the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock worth $1,368,451,000 after buying an additional 9,150,126 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of U.S. Bancorp by 154.2% in the second quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock worth $303,034,000 after buying an additional 3,540,530 shares during the period. Vanguard Group Inc. boosted its holdings in shares of U.S. Bancorp by 1.7% in 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 buying an additional 1,727,498 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of U.S. Bancorp by 54.2% in the first quarter. AQR Capital Management LLC now owns 4,698,271 shares of the financial services provider’s stock worth $241,961,000 after buying an additional 1,652,219 shares during the period. Institutional investors own 74.25% of the company’s stock.

Several research analysts have commented on USB shares. Jefferies Group reiterated a “buy” rating and issued a $59.00 target price on shares of U.S. Bancorp in a report on Friday, August 11th. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a report on Friday, October 6th. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Finally, Wells Fargo & Company began coverage on shares of U.S. Bancorp in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price target for the company. 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. The company has a consensus rating of “Hold” and a consensus price target of $54.20.

U.S. Bancorp (NYSE:USB) traded down $0.25 during midday trading on Friday, hitting $54.90. 7,258,874 shares of the stock were exchanged, compared to its average volume of 5,196,218. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $91,106.05, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $5.61 billion during 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%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. equities research analysts predict that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

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

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