Financial Advocates Investment Management purchased a new stake in shares of U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,849 shares of the financial services provider’s stock, valued at approximately $688,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board grew its position in shares of U.S. Bancorp by 7.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock valued at $10,954,000 after purchasing an additional 14,678 shares during the period. Rockefeller Financial Services Inc. grew its position in shares of U.S. Bancorp by 57.1% in the third quarter. Rockefeller Financial Services Inc. now owns 32,886 shares of the financial services provider’s stock valued at $1,762,000 after purchasing an additional 11,950 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in shares of U.S. Bancorp in the second quarter valued at about $334,000. Farmers & Merchants Investments Inc. grew its position in shares of U.S. Bancorp by 32.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 420,868 shares of the financial services provider’s stock valued at $22,554,000 after purchasing an additional 103,768 shares during the period. Finally, BRYN MAWR TRUST Co grew its position in shares of U.S. Bancorp by 79.6% in the second quarter. BRYN MAWR TRUST Co now owns 201,049 shares of the financial services provider’s stock valued at $10,438,000 after purchasing an additional 89,109 shares during the period. Institutional investors own 74.42% of the company’s stock.

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U.S. Bancorp (USB) opened at $53.26 on Friday. The firm has a market cap of $88,145.49, a PE ratio of 15.13, a P/E/G ratio of 1.75 and a beta of 0.89. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. U.S. Bancorp’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts anticipate that U.S. Bancorp will post 4.05 EPS for the current fiscal year.

In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of U.S. Bancorp stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total transaction of $5,510,235.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of U.S. Bancorp stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.02, for a total transaction of $750,527.82. Following the transaction, the insider now directly owns 126,387 shares in the company, valued at $6,953,812.74. The disclosure for this sale can be found here. Insiders have sold 168,016 shares of company stock worth $9,356,775 over the last ninety days. 0.43% of the stock is owned by insiders.

USB has been the topic of several research analyst reports. UBS 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 research report on Tuesday, December 12th. Barclays lifted their target price on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a research report on Friday, January 5th. Vining Sparks reiterated a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a research report on Monday, January 8th. Finally, Jefferies Group reiterated a “buy” rating and issued a $63.00 target price on shares of U.S. Bancorp in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.64.

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U.S. Bancorp Company 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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