Investment Partners Ltd. OH ADV lowered its stake in U.S. Bancorp (NYSE:USB) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,938 shares of the financial services provider’s stock after selling 116 shares during the period. Investment Partners Ltd. OH ADV’s holdings in U.S. Bancorp were worth $412,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of USB. Coastline Trust Co raised its stake in shares of U.S. Bancorp by 0.4% in the first quarter. Coastline Trust Co now owns 78,015 shares of the financial services provider’s stock worth $4,018,000 after buying an additional 290 shares in the last quarter. West Coast Financial LLC raised its stake in shares of U.S. Bancorp by 18.2% in the first quarter. West Coast Financial LLC now owns 7,761 shares of the financial services provider’s stock worth $400,000 after buying an additional 1,193 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its stake in shares of U.S. Bancorp by 0.3% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 120,356 shares of the financial services provider’s stock worth $6,198,000 after buying an additional 320 shares in the last quarter. Vicus Capital raised its stake in shares of U.S. Bancorp by 58.6% in the first quarter. Vicus Capital now owns 8,869 shares of the financial services provider’s stock worth $457,000 after buying an additional 3,276 shares in the last quarter. Finally, City Holding Co. raised its stake in shares of U.S. Bancorp by 12.8% in the first quarter. City Holding Co. now owns 32,510 shares of the financial services provider’s stock worth $1,674,000 after buying an additional 3,680 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.

U.S. Bancorp (USB) traded up 0.33% on Tuesday, reaching $51.84. 1,177,335 shares of the company traded hands. The company has a market capitalization of $86.72 billion, a PE ratio of 15.66 and a beta of 0.86. U.S. Bancorp has a one year low of $42.17 and a one year high of $56.61. The stock’s 50 day moving average price is $52.46 and its 200 day moving average price is $52.52. U.S. Bancorp also saw some unusual options trading on Monday. Investors bought 5,868 call options on the company. This represents an increase of 205% compared to the typical volume of 1,927 call options.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. U.S. Bancorp had a return on equity of 13.85% and a net margin of 25.60%. U.S. Bancorp’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, equities research analysts predict that U.S. Bancorp will post $3.44 EPS for the current fiscal year.

U.S. Bancorp announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to buyback $2.60 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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A number of analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of U.S. Bancorp in a research note on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research note on Friday, June 9th. BidaskClub downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Argus raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, July 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average target price of $52.85.

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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