Public Employees Retirement Association of Colorado lowered its stake in U.S. Bancorp (NYSE:USB) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,446,371 shares of the financial services provider’s stock after selling 25,679 shares during the quarter. U.S. Bancorp makes up approximately 0.9% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 18th largest position. Public Employees Retirement Association of Colorado owned approximately 0.15% of U.S. Bancorp worth $127,016,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Investment Partners Ltd. OH ADV increased its position in U.S. Bancorp by 33.6% during the first quarter. Investment Partners Ltd. OH ADV now owns 8,054 shares of the financial services provider’s stock worth $415,000 after buying an additional 2,024 shares during the last quarter. Nelson Roberts Investment Advisors LLC increased its position in U.S. Bancorp by 0.3% during the first quarter. Nelson Roberts Investment Advisors LLC now owns 120,356 shares of the financial services provider’s stock worth $6,198,000 after buying an additional 320 shares during the last quarter. Prudential Financial Inc. increased its position in U.S. Bancorp by 1.7% during the first quarter. Prudential Financial Inc. now owns 2,824,398 shares of the financial services provider’s stock worth $145,457,000 after buying an additional 46,030 shares during the last quarter. Thompson Investment Management Inc. increased its position in U.S. Bancorp by 25.0% during the first quarter. Thompson Investment Management Inc. now owns 16,679 shares of the financial services provider’s stock worth $859,000 after buying an additional 3,338 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its position in U.S. Bancorp by 0.7% during the first quarter. MUFG Americas Holdings Corp now owns 301,873 shares of the financial services provider’s stock worth $15,547,000 after buying an additional 2,043 shares during the last quarter. 74.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of U.S. Bancorp (NYSE USB) opened at 49.98 on Friday. U.S. Bancorp has a 52 week low of $42.17 and a 52 week high of $56.61. The company has a market capitalization of $83.61 billion, a PE ratio of 15.10 and a beta of 0.87. The company has a 50 day moving average price of $52.14 and a 200 day moving average price of $52.30.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. U.S. Bancorp’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. On average, equities research analysts expect that U.S. Bancorp will post $3.44 earnings per share for the current year.

U.S. Bancorp declared that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $2.60 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently issued reports on USB. Wells Fargo & Company began coverage on U.S. Bancorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and set a $59.00 price objective on shares of U.S. Bancorp in a report on Friday, June 9th. BidaskClub cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Argus upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, July 20th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.50.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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

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