Tradewinds Capital Management LLC Grows Holdings in U.S. Bancorp (NYSE:USB)

Tradewinds Capital Management LLC lifted its position in U.S. Bancorp (NYSE:USB) by 148.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,002 shares of the financial services provider’s stock after purchasing an additional 5,379 shares during the quarter. Tradewinds Capital Management LLC’s holdings in U.S. Bancorp were worth $384,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Shelton Capital Management grew its position in U.S. Bancorp by 51.2% in the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after acquiring an additional 45,116 shares in the last quarter. Twin Tree Management LP boosted its position in U.S. Bancorp by 63.2% during the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 13,295 shares during the period. Oarsman Capital Inc. boosted its position in U.S. Bancorp by 4.5% during the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock valued at $593,000 after buying an additional 488 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in U.S. Bancorp by 16.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock valued at $19,158,000 after buying an additional 52,380 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its position in U.S. Bancorp by 7.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after buying an additional 14,678 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp (USB) opened at $56.98 on Friday. The firm has a market cap of $94,560.00, a price-to-earnings ratio of 16.96, a PEG ratio of 1.92 and a beta of 0.85. U.S. Bancorp has a one year low of $49.53 and a one year high of $57.12. 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 (NYSE:USB) last announced its quarterly earnings data 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 firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate 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 revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. equities research analysts forecast that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. U.S. Bancorp’s dividend payout ratio is currently 35.71%.

USB has been the subject of a number of analyst reports. Instinet lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $57.00 to $55.00 in a research note on Thursday, September 28th. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $56.00 to $54.00 in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a research note on Friday, October 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.22.

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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.

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

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