British Columbia Investment Management Corp cut its position in U.S. Bancorp (NYSE:USB) by 11.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,798 shares of the financial services provider’s stock after selling 128,044 shares during the period. British Columbia Investment Management Corp’s holdings in U.S. Bancorp were worth $41,466,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. A.R.T. Advisors LLC purchased a new stake in U.S. Bancorp during the first quarter worth approximately $1,042,000. Lawson Kroeker Investment Management Inc. NE raised its stake in U.S. Bancorp by 5.3% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 40,076 shares of the financial services provider’s stock worth $1,616,000 after buying an additional 2,010 shares in the last quarter. Park National Corp OH raised its stake in U.S. Bancorp by 0.5% in the second quarter. Park National Corp OH now owns 622,201 shares of the financial services provider’s stock worth $25,093,000 after buying an additional 2,884 shares in the last quarter. Cardinal Capital Management Inc. raised its stake in U.S. Bancorp by 0.3% in the second quarter. Cardinal Capital Management Inc. now owns 274,450 shares of the financial services provider’s stock worth $11,069,000 after buying an additional 925 shares in the last quarter. Finally, Howland Capital Management LLC raised its stake in U.S. Bancorp by 1.2% in the second quarter. Howland Capital Management LLC now owns 5,367 shares of the financial services provider’s stock worth $216,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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

U.S. Bancorp (NYSE:USB) traded up 0.378% during midday trading on Tuesday, reaching $49.085. 575,183 shares of the company traded hands. The stock has a market capitalization of $85.28 billion, a P/E ratio of 15.533 and a beta of 0.80. U.S. Bancorp has a 1-year low of $37.07 and a 1-year high of $49.57. The firm has a 50-day moving average of $45.64 and a 200-day moving average of $43.10.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The business earned $5.39 billion during the quarter, compared to the consensus estimate of $5.35 billion. U.S. Bancorp had a return on equity of 13.92% and a net margin of 26.24%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. On average, analysts predict that U.S. Bancorp will post $3.24 earnings per share for the current year.

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A number of research analysts have issued reports on USB shares. Morgan Stanley downgraded shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $49.00 price objective on the stock. in a research report on Monday, November 14th. They noted that the move was a valuation call. Wells Fargo & Co. reissued a “buy” rating on shares of U.S. Bancorp in a research report on Friday, September 16th. Piper Jaffray Cos. downgraded shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, November 16th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Finally, Wedbush started coverage on shares of U.S. Bancorp in a research report on Thursday, October 6th. They set a “neutral” rating and a $46.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.47.

In related news, Vice Chairman Terrance R. Dolan sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $44.20, for a total transaction of $119,340.00. Following the completion of the sale, the insider now directly owns 61,095 shares in the company, valued at $2,700,399. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman John R. Elmore sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $43.83, for a total value of $1,753,200.00. Following the sale, the insider now owns 113,723 shares of the company’s stock, valued at $4,984,479.09. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

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