Scotia Capital Inc. grew its holdings in U.S. Bancorp (NYSE:USB) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,461 shares of the financial services provider’s stock after purchasing an additional 777 shares during the quarter. Scotia Capital Inc.’s holdings in U.S. Bancorp were worth $1,685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. boosted its stake in shares of U.S. Bancorp by 2.9% in the second quarter. Fairfield Bush & CO. now owns 24,668 shares of the financial services provider’s stock valued at $1,281,000 after purchasing an additional 700 shares during the period. Stonebridge Capital Advisors LLC raised its holdings in U.S. Bancorp by 3.5% in the second quarter. Stonebridge Capital Advisors LLC now owns 93,391 shares of the financial services provider’s stock valued at $4,849,000 after acquiring an additional 3,150 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in U.S. Bancorp by 5.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,304,128 shares of the financial services provider’s stock valued at $67,711,000 after acquiring an additional 65,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in U.S. Bancorp by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 333,748 shares of the financial services provider’s stock valued at $17,328,000 after acquiring an additional 53,830 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in U.S. Bancorp by 3.1% in the second quarter. Coldstream Capital Management Inc. now owns 89,125 shares of the financial services provider’s stock valued at $4,627,000 after acquiring an additional 2,690 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on USB. Jefferies Group reaffirmed a “buy” rating and issued a $59.00 target price on shares of U.S. Bancorp in a report on Friday, August 11th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and a consensus target price of $54.20.

U.S. Bancorp (USB) traded down $0.81 during mid-day trading on Wednesday, reaching $54.82. 6,004,100 shares of the company’s stock were exchanged, compared to its average volume of 6,080,882. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.61. The firm has a market capitalization of $91,110.00, a PE ratio of 16.51, a P/E/G ratio of 2.17 and a beta of 0.85.

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

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

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