Nelson Roberts Investment Advisors LLC reduced its position in shares of U.S. Bancorp (NYSE:USB) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,763 shares of the financial services provider’s stock after selling 3,094 shares during the period. U.S. Bancorp makes up approximately 1.5% of Nelson Roberts Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Nelson Roberts Investment Advisors LLC’s holdings in U.S. Bancorp were worth $5,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in USB. WESPAC Advisors SoCal LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth about $27,000. Executive Wealth Management LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth about $27,000. Trustcore Financial Services LLC bought a new position in shares of U.S. Bancorp during the 1st quarter worth about $28,000. Gantzert Investment Co. LLC ADV bought a new position in shares of U.S. Bancorp during the 4th quarter worth about $32,000. Finally, ERTS Wealth Advisors LLC bought a new position in shares of U.S. Bancorp during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 74.65% of the company’s stock.

NYSE:USB opened at $50.73 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $79.92 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.67 and a beta of 1.08. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $55.56.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. Equities analysts forecast that U.S. Bancorp will post 4.29 earnings per share for the current year.

In other news, Vice Chairman Leslie V. Godridge sold 12,564 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $51.53, for a total transaction of $647,422.92. Following the completion of the sale, the insider now owns 39,330 shares in the company, valued at approximately $2,026,674.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the sale, the insider now owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,233 shares of company stock valued at $1,907,734. Company insiders own 0.24% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Oppenheimer increased their price objective on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $58.33.

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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.

Further Reading: How is net asset value different from market price?

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

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