Zurich Insurance Group Ltd FI cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 12.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,549 shares of the financial services provider’s stock after selling 29,260 shares during the period. Zurich Insurance Group Ltd FI’s holdings in U.S. Bancorp were worth $11,191,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New England Asset Management Inc. raised its position in U.S. Bancorp by 52.5% in the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock worth $1,368,451,000 after acquiring an additional 9,150,126 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of U.S. Bancorp by 154.2% in the second quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock valued at $303,034,000 after buying an additional 3,540,530 shares in the last quarter. Vanguard Group Inc. increased its position in shares of U.S. Bancorp by 1.7% in the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after buying an additional 1,727,498 shares in the last quarter. AQR Capital Management LLC increased its position in shares of U.S. Bancorp by 54.2% in the first quarter. AQR Capital Management LLC now owns 4,698,271 shares of the financial services provider’s stock valued at $241,961,000 after buying an additional 1,652,219 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of U.S. Bancorp by 20.9% in the second quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after buying an additional 1,590,023 shares in the last quarter. Institutional investors own 74.25% of the company’s stock.

Shares of U.S. Bancorp (USB) traded up $1.17 during trading hours on Wednesday, reaching $54.19. The company’s stock had a trading volume of 6,926,235 shares, compared to its average volume of 6,041,889. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 12-month low of $49.01 and a 12-month high of $56.61. The firm has a market cap of $86,011.42, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same period last year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts predict that U.S. Bancorp will post 3.43 earnings per share for the current year.

A number of analysts recently commented on USB shares. Instinet lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $57.00 to $55.00 in a research note on Thursday, September 28th. Citigroup reaffirmed a “neutral” rating and set a $58.00 price objective (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of U.S. Bancorp in a research note on Friday, October 6th. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $56.00 to $54.00 in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $54.19.

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U.S. Bancorp 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.

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

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