Park National Corp OH boosted its position in shares of U.S. Bancorp (NYSE:USB) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 628,762 shares of the financial services provider’s stock after buying an additional 6,561 shares during the period. U.S. Bancorp makes up about 1.7% of Park National Corp OH’s portfolio, making the stock its 16th largest position. Park National Corp OH’s holdings in U.S. Bancorp were worth $26,968,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. NN Investment Partners Holdings N.V. boosted its stake in shares of U.S. Bancorp by 12.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,440,460 shares of the financial services provider’s stock worth $58,092,000 after buying an additional 163,847 shares during the last quarter. Ngam Advisors L.P. boosted its position in U.S. Bancorp by 19.3% in the second quarter. Ngam Advisors L.P. now owns 337,251 shares of the financial services provider’s stock valued at $13,602,000 after buying an additional 54,547 shares in the last quarter. Mar Vista Investment Partners LLC boosted its position in U.S. Bancorp by 1.0% in the second quarter. Mar Vista Investment Partners LLC now owns 502,234 shares of the financial services provider’s stock valued at $20,255,000 after buying an additional 4,813 shares in the last quarter. PGGM Investments boosted its position in U.S. Bancorp by 2.4% in the second quarter. PGGM Investments now owns 2,218,126 shares of the financial services provider’s stock valued at $89,457,000 after buying an additional 52,569 shares in the last quarter. Finally, HL Financial Services LLC boosted its position in U.S. Bancorp by 2.5% in the second quarter. HL Financial Services LLC now owns 2,314,834 shares of the financial services provider’s stock valued at $93,357,000 after buying an additional 55,890 shares in the last quarter. 72.93% of the stock is currently owned by institutional investors.

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

Shares of U.S. Bancorp (NYSE:USB) traded up 1.13% during trading on Friday, reaching $49.23. 9,090,546 shares of the company were exchanged. U.S. Bancorp has a one year low of $37.07 and a one year high of $49.40. The stock has a market capitalization of $83.68 billion, a PE ratio of 15.24 and a beta of 0.80. The stock has a 50-day moving average price of $43.92 and a 200-day moving average price of $42.62.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.84 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.84. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. The business earned $5.39 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that U.S. Bancorp will post $3.24 EPS for the current year.

USB has been the topic of several research analyst reports. Jefferies Group reissued a “hold” rating and issued a $44.00 price target on shares of U.S. Bancorp in a report on Wednesday, August 10th. Portales Partners raised shares of U.S. Bancorp from a “sector perform” rating to an “outperform” rating in a report on Thursday, August 25th. Wells Fargo & Co. reissued a “buy” rating on shares of U.S. Bancorp in a report on Friday, September 16th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.47.

In other news, Vice Chairman Terrance R. Dolan sold 55,205 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total value of $2,631,622.35. Following the completion of the sale, the insider now owns 90,188 shares of the company’s stock, valued at approximately $4,299,261.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Kent V. Stone sold 51,798 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $46.69, for a total transaction of $2,418,448.62. Following the completion of the sale, the insider now directly owns 109,742 shares of the company’s stock, valued at approximately $5,123,853.98. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

Receive News & Stock Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related stocks with our FREE daily email newsletter.