Argent Trust Co raised its stake in U.S. Bancorp (NYSE:USB) by 184.3% during the second quarter, HoldingsChannel reports. The firm owned 62,492 shares of the financial services provider’s stock after purchasing an additional 40,509 shares during the quarter. Argent Trust Co’s holdings in U.S. Bancorp were worth $3,126,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $131,487,000. Bank of New York Mellon Corp increased its holdings in shares of U.S. Bancorp by 15.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after acquiring an additional 2,071,326 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of U.S. Bancorp by 103.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,441,710 shares of the financial services provider’s stock valued at $173,806,000 after acquiring an additional 1,751,500 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of U.S. Bancorp in the 1st quarter valued at about $83,658,000. Finally, BTIM Corp. purchased a new position in shares of U.S. Bancorp in the 2nd quarter valued at about $78,408,000. 74.35% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. ValuEngine downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Wedbush reiterated a “neutral” rating on shares of U.S. Bancorp in a report on Monday, July 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.58.

NYSE:USB opened at $54.14 on Monday. The company has a market cap of $87.24 billion, a P/E ratio of 15.83, a PEG ratio of 1.76 and a beta of 0.98. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. U.S. Bancorp has a 52-week low of $48.49 and a 52-week high of $58.50.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.64 billion. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. research analysts expect that U.S. Bancorp will post 4.07 EPS for the current fiscal year.

In related news, Vice Chairman John R. Elmore sold 58,924 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the transaction, the insider now owns 98,371 shares in the company, valued at approximately $5,086,764.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.43% of the company’s stock.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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