Thompson Rubinstein Investment Management Inc. OR maintained its stake in U.S. Bancorp (NYSE:USB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,037 shares of the financial services provider’s stock at the close of the second quarter. Thompson Rubinstein Investment Management Inc. OR’s holdings in U.S. Bancorp were worth $1,248,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in U.S. Bancorp by 1.2% in the 1st quarter. State Street Corp now owns 75,509,050 shares of the financial services provider’s stock worth $3,888,995,000 after buying an additional 903,504 shares in the last quarter. New England Asset Management Inc. increased its stake in U.S. Bancorp by 52.5% in the 1st 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 in the last quarter. First Eagle Investment Management LLC increased its stake in U.S. Bancorp by 1.3% in the 1st quarter. First Eagle Investment Management LLC now owns 11,507,504 shares of the financial services provider’s stock worth $592,636,000 after buying an additional 152,202 shares in the last quarter. Legal & General Group Plc increased its stake in U.S. Bancorp by 2.9% in the 1st quarter. Legal & General Group Plc now owns 8,251,609 shares of the financial services provider’s stock worth $424,985,000 after buying an additional 231,478 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in U.S. Bancorp by 1.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 6,968,670 shares of the financial services provider’s stock worth $358,887,000 after buying an additional 73,504 shares in the last quarter. 74.21% of the stock is currently owned by institutional investors.

USB has been the subject of a number of analyst reports. Argus upgraded 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. BidaskClub upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Wells Fargo & Company initiated coverage on U.S. Bancorp in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $56.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 price target on shares of U.S. Bancorp in a research note on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. reiterated 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, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $52.50.

Shares of U.S. Bancorp (NYSE:USB) traded up 0.33% on Friday, hitting $51.81. The stock had a trading volume of 6,146,008 shares. The firm’s 50-day moving average price is $52.00 and its 200 day moving average price is $52.17. The firm has a market cap of $86.67 billion, a P/E ratio of 15.65 and a beta of 0.87. U.S. Bancorp has a 12 month low of $42.17 and a 12 month high of $56.61.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that U.S. Bancorp will post $3.44 EPS for the current fiscal year.

U.S. Bancorp declared that its board has authorized a stock repurchase program on Wednesday, June 28th that authorizes the company to buyback $2.60 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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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.

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

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