Capital One National Association increased its stake in U.S. Bancorp (NYSE:USB) by 325.2% during the first quarter, Holdings Channel reports. The fund owned 66,612 shares of the financial services provider’s stock after buying an additional 50,945 shares during the period. Capital One National Association’s holdings in U.S. Bancorp were worth $3,430,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in U.S. Bancorp by 10.5% in the fourth quarter. State Street Corp now owns 74,605,546 shares of the financial services provider’s stock valued at $3,832,661,000 after buying an additional 7,111,937 shares during the period. FMR LLC boosted its position in U.S. Bancorp by 4.2% in the fourth quarter. FMR LLC now owns 71,056,058 shares of the financial services provider’s stock valued at $3,650,150,000 after buying an additional 2,840,892 shares during the period. Norges Bank acquired a new position in U.S. Bancorp during the fourth quarter valued at about $736,819,000. Fiera Capital Corp boosted its position in U.S. Bancorp by 5.1% in the fourth quarter. Fiera Capital Corp now owns 6,613,022 shares of the financial services provider’s stock valued at $339,711,000 after buying an additional 323,723 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in U.S. Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,946,844 shares of the financial services provider’s stock valued at $254,121,000 after buying an additional 64,913 shares during the period. Institutional investors own 75.51% of the company’s stock.

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

Shares of U.S. Bancorp (NYSE:USB) opened at 52.57 on Tuesday. The stock has a market cap of $88.60 billion, a price-to-earnings ratio of 15.93 and a beta of 0.86. The firm has a 50-day moving average price of $51.75 and a 200-day moving average price of $52.35. U.S. Bancorp has a 52 week low of $38.47 and a 52 week high of $56.61.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.27 billion. U.S. Bancorp had a net margin of 25.86% and a return on equity of 13.99%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities analysts anticipate that U.S. Bancorp will post $3.47 earnings per share for the current year.

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Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut U.S. Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $38.48 to $52.31 in a report on Thursday, May 4th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and set a $55.00 price target on shares of U.S. Bancorp in a report on Tuesday, April 4th. Jefferies Group LLC reissued a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a report on Friday, June 9th. Zacks Investment Research cut U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. Finally, Rafferty Capital Markets cut U.S. Bancorp from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $50.95.

In other news, Vice Chairman Leslie V. Godridge sold 14,192 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $52.18, for a total transaction of $740,538.56. Following the completion of the sale, the insider now owns 62,303 shares of the company’s stock, valued at $3,250,970.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman P.W. Parker sold 29,449 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $51.94, for a total transaction of $1,529,581.06. Following the sale, the insider now directly owns 307,698 shares of the company’s stock, valued at approximately $15,981,834.12. The disclosure for this sale can be found here. Insiders have sold 69,387 shares of company stock valued at $3,573,382 in the last three months. Corporate insiders own 0.39% of the company’s stock.

U.S. Bancorp Company 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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