M&R Capital Management Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,824 shares of the financial services provider’s stock after selling 588 shares during the period. M&R Capital Management Inc.’s holdings in U.S. Bancorp were worth $1,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USB. Raymond James Financial Services Advisors Inc. raised its stake in shares of U.S. Bancorp by 19.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 333,748 shares of the financial services provider’s stock worth $17,328,000 after buying an additional 53,830 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of U.S. Bancorp by 3.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 89,125 shares of the financial services provider’s stock worth $4,627,000 after buying an additional 2,690 shares during the period. Princeton Portfolio Strategies Group LLC raised its stake in shares of U.S. Bancorp by 3.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 6,173 shares of the financial services provider’s stock worth $321,000 after buying an additional 200 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of U.S. Bancorp by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,945,395 shares of the financial services provider’s stock worth $256,764,000 after buying an additional 77,954 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of U.S. Bancorp by 37.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 916,840 shares of the financial services provider’s stock worth $47,859,000 after buying an additional 252,010 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

U.S. Bancorp (NYSE:USB) traded down $0.84 on Tuesday, reaching $54.79. The company had a trading volume of 4,164,013 shares, compared to its average volume of 6,081,211. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $56.61. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The firm has a market cap of $91,106.05, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85.

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

Several research firms recently commented on USB. J P Morgan Chase & Co reduced their price objective on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Nomura increased their price objective on 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 U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research note on Thursday, October 19th. Finally, Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.20.

TRADEMARK VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://theolympiareport.com/2017/12/05/mr-capital-management-inc-sells-588-shares-of-u-s-bancorp-usb.html.

U.S. Bancorp Profile

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)

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.