Engineers Gate Manager LP grew its stake in shares of U.S. Bancorp (NYSE:USB) by 311.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 65,954 shares of the financial services provider’s stock after purchasing an additional 49,906 shares during the period. Engineers Gate Manager LP’s holdings in U.S. Bancorp were worth $3,534,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of USB. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 1.7% in 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 acquiring an additional 1,727,498 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of U.S. Bancorp by 0.7% in 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 acquiring an additional 110,571 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of U.S. Bancorp by 4.5% in the third quarter. Janus Henderson Group PLC now owns 13,226,329 shares of the financial services provider’s stock valued at $708,794,000 after acquiring an additional 572,794 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of U.S. Bancorp by 2.4% in the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock valued at $637,825,000 after acquiring an additional 276,373 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of U.S. Bancorp by 20.9% in 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 acquiring an additional 1,590,023 shares in the last quarter. 73.87% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Vining Sparks reaffirmed a “hold” rating and issued a $61.00 target price on shares of U.S. Bancorp in a report on Thursday, January 25th. Deutsche Bank raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $63.00 in a report on Thursday, January 25th. Morgan Stanley upped their target price on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 target price for the company. in a report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.13.

U.S. Bancorp (USB) opened at $53.97 on Tuesday. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $58.50. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $89,560.00, a P/E ratio of 15.38, a P/E/G ratio of 1.78 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. equities analysts expect that U.S. Bancorp will post 4.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 2.22%. U.S. Bancorp’s payout ratio is 34.19%.

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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.

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

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