Connor Clark & Lunn Investment Management Ltd. increased its position in shares of U.S. Bancorp (NYSE:USB) by 33.2% in the 4th quarter, Holdings Channel reports. The firm owned 863,984 shares of the financial services provider’s stock after purchasing an additional 215,409 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in U.S. Bancorp were worth $39,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pineno Levin & Ford Asset Management Inc. increased its stake in U.S. Bancorp by 3.6% during the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,750 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 200 shares during the period. First Personal Financial Services increased its stake in U.S. Bancorp by 3.3% during the 4th quarter. First Personal Financial Services now owns 6,491 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 207 shares during the period. Capital Investment Advisors LLC increased its stake in U.S. Bancorp by 3.6% during the 4th quarter. Capital Investment Advisors LLC now owns 5,988 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 209 shares during the period. Bell Rock Capital LLC increased its stake in U.S. Bancorp by 16.9% during the 4th quarter. Bell Rock Capital LLC now owns 1,450 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 210 shares during the period. Finally, Telos Capital Management Inc. increased its stake in U.S. Bancorp by 1.9% during the 4th quarter. Telos Capital Management Inc. now owns 12,066 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 225 shares during the period. 74.18% of the stock is owned by institutional investors and hedge funds.

USB has been the topic of a number of recent research reports. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, December 10th. Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and lifted their price target for the company from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Finally, Jefferies Financial Group lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research note 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 issued a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $58.00.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the sale, the insider now owns 61,737 shares in the company, valued at approximately $3,179,455.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Shares of USB opened at $52.07 on Friday. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $55.56. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $81.69 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08.

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