Ossiam grew its holdings in shares of U.S. Bancorp (NYSE:USB – Free Report) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,543 shares of the financial services provider’s stock after buying an additional 3,722 shares during the quarter. Ossiam’s holdings in U.S. Bancorp were worth $1,365,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. FMR LLC grew its stake in shares of U.S. Bancorp by 1.8% in the third quarter. FMR LLC now owns 37,470,199 shares of the financial services provider’s stock valued at $1,238,765,000 after buying an additional 674,583 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in U.S. Bancorp by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,719,110 shares of the financial services provider’s stock worth $1,459,363,000 after acquiring an additional 2,598,163 shares in the last quarter. Aristotle Capital Management LLC lifted its position in U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider’s stock worth $775,842,000 after acquiring an additional 17,066,479 shares in the last quarter. Finally, Northern Trust Corp grew its position in U.S. Bancorp by 7.7% in the third quarter. Northern Trust Corp now owns 19,334,910 shares of the financial services provider’s stock valued at $639,212,000 after acquiring an additional 1,388,401 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.
U.S. Bancorp Trading Down 0.7 %
Shares of USB opened at $38.75 on Tuesday. The business’s 50-day moving average price is $41.06 and its 200 day moving average price is $41.67. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $60.47 billion, a P/E ratio of 12.83, a P/E/G ratio of 3.76 and a beta of 1.05. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.85.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on USB. Wells Fargo & Company decreased their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. StockNews.com downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Evercore ISI boosted their price target on U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Oppenheimer reduced their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, Barclays dropped their price objective on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, U.S. Bancorp has an average rating of “Hold” and an average target price of $46.02.
Check Out Our Latest Stock Report on U.S. Bancorp
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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Source: defenseworld.net
