Wesbanco Bank Inc. increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,049 shares of the financial services provider’s stock after purchasing an additional 5,068 shares during the period. Wesbanco Bank Inc.’s holdings in U.S. Bancorp were worth $10,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of U.S. Bancorp by 1.2% during the first quarter. State Street Corp now owns 75,509,050 shares of the financial services provider’s stock valued at $3,888,995,000 after purchasing an additional 903,504 shares in the last quarter. New England Asset Management Inc. boosted its stake in shares of U.S. Bancorp by 52.5% during the first quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares in the last quarter. US Bancorp DE boosted its stake in shares of U.S. Bancorp by 1.9% during the second quarter. US Bancorp DE now owns 14,157,826 shares of the financial services provider’s stock valued at $735,074,000 after purchasing an additional 259,093 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of U.S. Bancorp by 1.0% during the second quarter. First Eagle Investment Management LLC now owns 11,625,567 shares of the financial services provider’s stock valued at $603,599,000 after purchasing an additional 118,063 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of U.S. Bancorp by 20.9% during the second quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after purchasing an additional 1,590,023 shares in the last quarter. Hedge funds and other institutional investors own 74.20% of the company’s stock.

U.S. Bancorp (NYSE:USB) opened at 54.26 on Tuesday. The firm has a 50 day moving average of $53.50 and a 200-day moving average of $52.28. The stock has a market cap of $90.76 billion, a PE ratio of 16.39 and a beta of 0.87. U.S. Bancorp has a 12-month low of $43.83 and a 12-month high of $56.61.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.60 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that U.S. Bancorp will post $3.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $0.30 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. U.S. Bancorp’s dividend payout ratio is presently 35.61%.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. Nomura increased their price objective on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Morgan Stanley increased their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a research note on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $54.06.

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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.

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

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