American Century Companies Inc. boosted its stake in U.S. Bancorp (NYSE:USB) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,203,667 shares of the financial services provider’s stock after buying an additional 18,746 shares during the period. American Century Companies Inc. owned 0.55% of U.S. Bancorp worth $493,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of U.S. Bancorp by 1.7% during the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares during the last quarter. New England Asset Management Inc. lifted its holdings 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 during the last quarter. Franklin Resources Inc. lifted its holdings in shares of U.S. Bancorp by 0.7% during the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after purchasing an additional 110,571 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of U.S. Bancorp by 5,598.0% during the second quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after purchasing an additional 12,431,466 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings 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 during the last quarter. Institutional investors and hedge funds own 73.95% of the company’s stock.

Several equities analysts have recently issued reports on the stock. UBS Group lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Nomura lifted their target price on shares of U.S. Bancorp from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Finally, Morgan Stanley lifted their target price on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $54.73.

Shares of U.S. Bancorp (USB) opened at $54.46 on Tuesday. The firm has a market cap of $90,380.00, a P/E ratio of 16.21, a P/E/G ratio of 2.12 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $56.61.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. research analysts forecast that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is currently 35.71%.

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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)

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