Bbva Compass Bancshares Inc. reduced its position in shares of U.S. Bancorp (NYSE:USB) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,102 shares of the financial services provider’s stock after selling 882 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in U.S. Bancorp were worth $6,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hudock Capital Group LLC increased its holdings in U.S. Bancorp by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 16 shares during the period. BSW Wealth Partners increased its holdings in U.S. Bancorp by 0.6% during the 1st quarter. BSW Wealth Partners now owns 3,973 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 23 shares during the period. First National Bank of Hutchinson increased its holdings in U.S. Bancorp by 0.3% during the 2nd quarter. First National Bank of Hutchinson now owns 10,838 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 32 shares during the period. D. Scott Neal Inc. increased its holdings in U.S. Bancorp by 0.5% during the 1st quarter. D. Scott Neal Inc. now owns 7,488 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 36 shares during the period. Finally, Green Square Capital LLC increased its holdings in U.S. Bancorp by 0.4% during the 1st quarter. Green Square Capital LLC now owns 11,322 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 41 shares during the period. Institutional investors own 74.21% of the company’s stock.

Several research analysts have commented on USB shares. Argus upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub upgraded U.S. Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wells Fargo & Company started coverage on U.S. Bancorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.50.

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U.S. Bancorp (NYSE:USB) opened at 51.81 on Friday. The stock has a market cap of $86.67 billion, a price-to-earnings ratio of 15.65 and a beta of 0.87. The firm’s 50 day moving average price is $52.00 and its 200-day moving average price is $52.17. U.S. Bancorp has a 1-year low of $42.17 and a 1-year high of $56.61.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that U.S. Bancorp will post $3.44 earnings per share for the current year.

U.S. Bancorp announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to buyback $2.60 billion in shares. This buyback authorization allows the financial services provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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

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