Linscomb & Williams Inc. lifted its position in shares of U.S. Bancorp (NYSE:USB) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,666 shares of the financial services provider’s stock after purchasing an additional 5,273 shares during the period. Linscomb & Williams Inc.’s holdings in U.S. Bancorp were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC grew its position in U.S. Bancorp by 1.7% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 21,624 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 370 shares in the last quarter. Scotia Capital Inc. grew its position in U.S. Bancorp by 2.5% during the second quarter. Scotia Capital Inc. now owns 32,461 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 777 shares in the last quarter. Fairfield Bush & CO. grew its position in U.S. Bancorp by 2.9% during the second quarter. Fairfield Bush & CO. now owns 24,668 shares of the financial services provider’s stock worth $1,281,000 after buying an additional 700 shares in the last quarter. Stonebridge Capital Advisors LLC grew its position in U.S. Bancorp by 3.5% during the second quarter. Stonebridge Capital Advisors LLC now owns 93,391 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 3,150 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its position in U.S. Bancorp by 5.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,304,128 shares of the financial services provider’s stock worth $67,711,000 after buying an additional 65,056 shares in the last quarter. Institutional investors own 74.07% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on U.S. Bancorp in a research report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 price target on the stock. Bank of America downgraded U.S. Bancorp from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $56.00 to $54.00 in a research report on Monday, October 2nd. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group reissued a “buy” rating and set a $59.00 price target on shares of U.S. Bancorp in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.20.

Shares of U.S. Bancorp (NYSE:USB) traded down $0.81 during mid-day trading on Wednesday, hitting $54.82. The company’s stock had a trading volume of 6,004,100 shares, compared to its average volume of 6,080,882. The firm has a market cap of $91,110.00, a P/E ratio of 16.51, a PEG ratio of 2.17 and a beta of 0.85. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83.

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

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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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