BerganKDV Wealth Management LLC boosted its position in U.S. Bancorp (NYSE:USB) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,806 shares of the financial services provider’s stock after acquiring an additional 5,962 shares during the period. U.S. Bancorp accounts for about 0.7% of BerganKDV Wealth Management LLC’s holdings, making the stock its 20th biggest position. BerganKDV Wealth Management LLC’s holdings in U.S. Bancorp were worth $3,475,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in U.S. Bancorp by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 15,961,974 shares of the financial services provider’s stock worth $842,951,000 after acquiring an additional 94,114 shares in the last quarter. HCR Wealth Advisors boosted its holdings in U.S. Bancorp by 10.7% in the third quarter. HCR Wealth Advisors now owns 28,396 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 2,754 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in U.S. Bancorp by 0.9% in the third quarter. Artemis Investment Management LLP now owns 601,988 shares of the financial services provider’s stock worth $31,788,000 after acquiring an additional 5,209 shares in the last quarter. Paragon Capital Management LLC boosted its holdings in U.S. Bancorp by 235.9% in the third quarter. Paragon Capital Management LLC now owns 7,450 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 5,232 shares in the last quarter. Finally, AXA boosted its holdings in U.S. Bancorp by 13.4% in the third quarter. AXA now owns 1,536,837 shares of the financial services provider’s stock worth $81,161,000 after acquiring an additional 181,526 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

USB stock opened at $54.92 on Monday. U.S. Bancorp has a twelve month low of $48.49 and a twelve month high of $58.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $88.76 billion, a PE ratio of 16.06, a P/E/G ratio of 1.79 and a beta of 0.91.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $62.00 in a report on Wednesday, October 10th. Oppenheimer upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Thursday, October 18th. Finally, UBS Group upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating in a report on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $59.36.

In related news, Chairman Andrew Cecere sold 183,374 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $52.95, for a total transaction of $9,709,653.30. Following the completion of the sale, the chairman now directly owns 892,517 shares of the company’s stock, valued at $47,258,775.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Omaley sold 10,902 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $53.66, for a total value of $585,001.32. Following the sale, the director now directly owns 212,789 shares of the company’s stock, valued at $11,418,257.74. The disclosure for this sale can be found here. Insiders have sold 253,073 shares of company stock valued at $13,383,882 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

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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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