U.S. Bancorp (USB) Holdings Raised by Tdam USA Inc.

Tdam USA Inc. raised its position in U.S. Bancorp (NYSE:USB) by 37.6% during the third quarter, Holdings Channel reports. The firm owned 252,391 shares of the financial services provider’s stock after buying an additional 69,029 shares during the quarter. Tdam USA Inc.’s holdings in U.S. Bancorp were worth $13,526,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in USB. Cambria Investment Management L.P. increased its position in shares of U.S. Bancorp by 2.4% in the 1st quarter. Cambria Investment Management L.P. now owns 20,069 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 478 shares during the last quarter. Cypress Wealth Advisors LLC grew its position in shares of U.S. Bancorp by 3.5% in the 1st quarter. Cypress Wealth Advisors LLC now owns 4,638 shares of the financial services provider’s stock valued at $239,000 after buying an additional 157 shares during the last quarter. Green Square Capital LLC grew its position in shares of U.S. Bancorp by 0.4% in the 1st quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock valued at $586,000 after buying an additional 41 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its position in shares of U.S. Bancorp by 0.5% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 36,131 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 170 shares during the last quarter. Finally, Farmers National Bank grew its position in shares of U.S. Bancorp by 0.7% in the 1st quarter. Farmers National Bank now owns 23,408 shares of the financial services provider’s stock valued at $1,004,000 after buying an additional 166 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on USB shares. Instinet downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Citigroup reaffirmed a “neutral” rating and issued a $58.00 target price (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus target price of $56.22.

Shares of U.S. Bancorp (NYSE USB) opened at $55.40 on Tuesday. The firm has a market cap of $91,940.00, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. analysts forecast that U.S. Bancorp will post 3.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio is currently 35.71%.

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

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