Highland Private Wealth Management lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,812 shares of the financial services provider’s stock after selling 261 shares during the period. Highland Private Wealth Management’s holdings in U.S. Bancorp were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of U.S. Bancorp by 4,346.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,619,515 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 7,448,158 shares during the period. Morgan Stanley boosted its position in shares of U.S. Bancorp by 32.7% in the third quarter. Morgan Stanley now owns 5,506,411 shares of the financial services provider’s stock valued at $290,793,000 after acquiring an additional 1,358,026 shares during the period. FIL Ltd boosted its position in shares of U.S. Bancorp by 14.2% in the third quarter. FIL Ltd now owns 7,543,687 shares of the financial services provider’s stock valued at $398,382,000 after acquiring an additional 937,634 shares during the period. Calamos Advisors LLC boosted its position in shares of U.S. Bancorp by 256.7% in the fourth quarter. Calamos Advisors LLC now owns 1,219,527 shares of the financial services provider’s stock valued at $55,732,000 after acquiring an additional 877,672 shares during the period. Finally, Bahl & Gaynor Inc. boosted its position in shares of U.S. Bancorp by 37.3% in the fourth quarter. Bahl & Gaynor Inc. now owns 3,074,627 shares of the financial services provider’s stock valued at $140,511,000 after acquiring an additional 834,565 shares during the period. Institutional investors and hedge funds own 74.18% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Deutsche Bank lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, January 28th. Finally, Jefferies Financial Group lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.00.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the completion of the sale, the insider now directly owns 61,737 shares in the company, valued at $3,179,455.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Shares of U.S. Bancorp stock opened at $51.58 on Thursday. U.S. Bancorp has a 1 year low of $43.14 and a 1 year high of $55.56. The company has a market cap of $81.69 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the business posted $0.88 earnings per share. U.S. Bancorp’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that U.S. Bancorp will post 4.35 earnings per share for the current fiscal year.

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U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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