Rossmore Private Capital raised its holdings in U.S. Bancorp (NYSE:USB) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,075 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Rossmore Private Capital’s holdings in U.S. Bancorp were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Engrave Wealth Partners LLC bought a new position in U.S. Bancorp in the 4th quarter valued at $26,000. Sowa Financial Group Inc. bought a new position in shares of U.S. Bancorp during the 4th quarter worth $30,000. Solstein Capital LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth $30,000. Raab & Moskowitz Asset Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth $31,000. Finally, Howard Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.

Shares of U.S. Bancorp stock traded down $0.49 on Friday, hitting $30.68. 12,087,519 shares of the company were exchanged, compared to its average volume of 9,647,763. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $34.37 and a 200 day moving average price of $49.21. U.S. Bancorp has a 1-year low of $28.36 and a 1-year high of $61.11.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.57 billion. U.S. Bancorp had a return on equity of 14.15% and a net margin of 23.37%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 earnings per share. Research analysts forecast that U.S. Bancorp will post 2.23 EPS for the current year.

Several research analysts have recently weighed in on USB shares. Barclays reiterated a “buy” rating and set a $53.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 9th. Citigroup cut their target price on U.S. Bancorp from $62.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, March 27th. Compass Point cut their target price on U.S. Bancorp from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday. Goldman Sachs Group upgraded U.S. Bancorp from a “sell” rating to a “neutral” rating in a research note on Friday, March 13th. Finally, Robert W. Baird upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Tuesday, March 17th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.60.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Read More: What does relative strength index mean?

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.