U.S. Bancorp (USB) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in shares of U.S. Bancorp (NYSE:USB) by 19.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 333,748 shares of the financial services provider’s stock after acquiring an additional 53,830 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in U.S. Bancorp were worth $17,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Shelton Capital Management lifted its stake in shares of U.S. Bancorp by 51.2% in the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares during the period. Twin Tree Management LP lifted its stake in shares of U.S. Bancorp by 63.2% in the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 13,295 shares during the period. Oarsman Capital Inc. lifted its stake in shares of U.S. Bancorp by 4.5% in the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 488 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of U.S. Bancorp by 16.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of U.S. Bancorp by 2.6% in the 2nd quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock worth $320,434,000 after purchasing an additional 159,319 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

U.S. Bancorp (NYSE:USB) traded down $0.84 during midday trading on Tuesday, reaching $54.79. 4,164,013 shares of the company’s stock were exchanged, compared to its average volume of 6,081,211. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $56.61. The company has a market cap of $91,106.05, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85.

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

Several equities analysts have recently weighed in on USB shares. Citigroup reiterated a “neutral” rating and issued a $58.00 price objective (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Jefferies Group restated a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 12th. Nomura cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.20.

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About U.S. Bancorp

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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