Wedgewood Partners Inc. lessened its stake in U.S. Bancorp (NYSE:USB) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,438 shares of the financial services provider’s stock after selling 4,925 shares during the quarter. U.S. Bancorp accounts for about 0.1% of Wedgewood Partners Inc.’s portfolio, making the stock its 21st largest holding. Wedgewood Partners Inc.’s holdings in U.S. Bancorp were worth $3,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in U.S. Bancorp by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock worth $5,481,092,000 after purchasing an additional 1,727,498 shares during the period. Geode Capital Management LLC raised its holdings in U.S. Bancorp by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 16,086,890 shares of the financial services provider’s stock worth $860,040,000 after purchasing an additional 287,089 shares during the period. Janus Henderson Group PLC raised its holdings in U.S. Bancorp by 4.5% in the 3rd quarter. Janus Henderson Group PLC now owns 13,226,329 shares of the financial services provider’s stock worth $708,794,000 after purchasing an additional 572,794 shares during the period. First Eagle Investment Management LLC raised its holdings in U.S. Bancorp by 2.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock worth $637,825,000 after purchasing an additional 276,373 shares during the period. Finally, American Century Companies Inc. raised its holdings in U.S. Bancorp by 3.5% in the 4th quarter. American Century Companies Inc. now owns 9,521,784 shares of the financial services provider’s stock worth $510,177,000 after purchasing an additional 318,117 shares during the period. 74.42% of the stock is owned by institutional investors and hedge funds.

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Shares of U.S. Bancorp (NYSE:USB) opened at $54.15 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $90,871.13, a P/E ratio of 16.04, a PEG ratio of 1.81 and a beta of 0.89. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $58.50.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. sell-side analysts predict that U.S. Bancorp will post 4.05 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. Barclays upped their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 target price for the company. in a report on Wednesday, January 31st. Morgan Stanley increased their target price on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada increased their target price on U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.64.

In other news, Vice Chairman P.W. Parker sold 98,485 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total value of $5,510,235.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.02, for a total value of $750,527.82. Following the completion of the sale, the insider now owns 126,387 shares of the company’s stock, valued at $6,953,812.74. The disclosure for this sale can be found here. Insiders sold 168,016 shares of company stock valued at $9,356,775 over the last 90 days. Company insiders own 0.43% of the company’s stock.

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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.

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

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