Northwestern Mutual Wealth Management Co. raised its stake in shares of U.S. Bancorp (NYSE:USB) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 354,943 shares of the financial services provider’s stock after buying an additional 8,551 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in U.S. Bancorp were worth $18,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Manitou Investment Management Ltd. grew its position in shares of U.S. Bancorp by 2.7% during the 2nd quarter. Manitou Investment Management Ltd. now owns 137,030 shares of the financial services provider’s stock valued at $7,115,000 after acquiring an additional 3,635 shares during the period. Bfsg LLC grew its position in shares of U.S. Bancorp by 16.0% during the 2nd quarter. Bfsg LLC now owns 53,451 shares of the financial services provider’s stock valued at $2,775,000 after acquiring an additional 7,358 shares during the period. AMG Funds LLC grew its position in shares of U.S. Bancorp by 0.9% during the 2nd quarter. AMG Funds LLC now owns 61,555 shares of the financial services provider’s stock valued at $3,196,000 after acquiring an additional 520 shares during the period. Aberdeen Asset Management PLC UK grew its position in shares of U.S. Bancorp by 5.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 912,659 shares of the financial services provider’s stock valued at $47,385,000 after acquiring an additional 44,012 shares during the period. Finally, Northwest Quadrant Wealth Management LLC grew its position in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 8,660 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 74.23% of the company’s stock.

Shares of U.S. Bancorp (NYSE:USB) opened at $51.61 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market cap of $86,476.08, a PE ratio of 15.46, a PEG ratio of 2.03 and a beta of 0.86. U.S. Bancorp has a 1 year low of $47.43 and a 1 year high of $56.61.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio is currently 35.61%.

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A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co cut their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Nomura boosted their price objective on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $53.82.

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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