Daiwa Securities Group Inc. raised its position in shares of U.S. Bancorp (NYSE:USB) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,801 shares of the financial services provider’s stock after purchasing an additional 1,073 shares during the quarter. Daiwa Securities Group Inc.’s holdings in U.S. Bancorp were worth $2,722,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bedel Financial Consulting Inc. acquired a new stake in U.S. Bancorp during the fourth quarter valued at approximately $639,000. M&T Bank Corp raised its stake in U.S. Bancorp by 1.8% during the fourth quarter. M&T Bank Corp now owns 790,345 shares of the financial services provider’s stock valued at $42,346,000 after buying an additional 14,093 shares in the last quarter. Community Bank N.A. raised its stake in U.S. Bancorp by 6.1% during the fourth quarter. Community Bank N.A. now owns 52,979 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 3,057 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in U.S. Bancorp by 6.3% during the fourth quarter. Dubuque Bank & Trust Co. now owns 21,754 shares of the financial services provider’s stock valued at $1,166,000 after buying an additional 1,298 shares in the last quarter. Finally, Nicollet Investment Management Inc. acquired a new stake in U.S. Bancorp during the fourth quarter valued at approximately $661,000. Hedge funds and other institutional investors own 72.80% of the company’s stock.
Several analysts have issued reports on the company. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, January 17th. Barclays upped their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective on the stock. in a research note on Wednesday, January 31st. Vining Sparks reaffirmed a “hold” rating and set a $61.00 target price on shares of U.S. Bancorp in a report on Thursday, January 25th. Finally, Morgan Stanley upped their target price on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. U.S. Bancorp currently has an average rating of “Hold” and an average price target of $58.13.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. sell-side analysts predict that U.S. Bancorp will post 4.03 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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