Gotham Asset Management LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 13.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,415 shares of the financial services provider’s stock after purchasing an additional 2,364 shares during the quarter. Gotham Asset Management LLC’s holdings in U.S. Bancorp were worth $1,060,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of USB. Vanguard Group Inc. increased its stake in shares of U.S. Bancorp by 1.7% during the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after buying an additional 1,727,498 shares during the period. State Street Corp increased its stake in shares of U.S. Bancorp by 1.2% during the first 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 during the period. New England Asset Management Inc. increased its stake in shares of U.S. Bancorp by 52.5% during the first 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 during the period. Franklin Resources Inc. increased its stake in shares of U.S. Bancorp by 0.7% during the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock worth $831,753,000 after buying an additional 110,571 shares during the period. Finally, US Bancorp DE increased its stake in shares of U.S. Bancorp by 1.9% during the second quarter. US Bancorp DE now owns 14,157,826 shares of the financial services provider’s stock worth $735,074,000 after buying an additional 259,093 shares during the period. 74.25% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and set a $59.00 target price on shares of U.S. Bancorp in a research note on Friday, August 11th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Morgan Stanley upped their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Nomura lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.20.

Shares of U.S. Bancorp (USB) traded down $0.25 during trading on Friday, reaching $54.90. 7,258,874 shares of the company’s stock traded hands, compared to its average volume of 5,196,218. The stock has a market capitalization of $91,504.49, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.15 and a beta of 0.85. U.S. Bancorp has a one year low of $49.53 and a one year high of $56.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. sell-side analysts predict that U.S. Bancorp will post 3.43 earnings per share for the current 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.

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

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