Acadian Asset Management LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,929 shares of the financial services provider’s stock, valued at approximately $197,000.

Other hedge funds have also made changes to their positions in the company. SVA Plumb Wealth Management LLC raised its position in shares of U.S. Bancorp by 0.7% during the first quarter. SVA Plumb Wealth Management LLC now owns 141,200 shares of the financial services provider’s stock worth $7,567,000 after purchasing an additional 980 shares during the period. EagleClaw Capital Managment LLC raised its position in shares of U.S. Bancorp by 22.2% during the first quarter. EagleClaw Capital Managment LLC now owns 5,500 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,000 shares during the period. CCM Investment Advisers LLC raised its position in shares of U.S. Bancorp by 0.6% during the first quarter. CCM Investment Advisers LLC now owns 179,490 shares of the financial services provider’s stock worth $9,064,000 after purchasing an additional 1,066 shares during the period. Bank of Hawaii raised its position in shares of U.S. Bancorp by 2.9% during the first quarter. Bank of Hawaii now owns 37,715 shares of the financial services provider’s stock worth $1,905,000 after purchasing an additional 1,080 shares during the period. Finally, Pennsylvania Trust Co raised its position in shares of U.S. Bancorp by 0.4% during the second quarter. Pennsylvania Trust Co now owns 315,224 shares of the financial services provider’s stock worth $15,767,000 after purchasing an additional 1,110 shares during the period. Institutional investors own 74.09% of the company’s stock.

NYSE:USB opened at $53.29 on Friday. The firm has a market cap of $86.50 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.64 billion. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. U.S. Bancorp’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. equities research analysts predict that U.S. Bancorp will post 4.07 EPS for the current year.

In related news, Vice Chairman John R. Elmore sold 58,924 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the transaction, the insider now directly owns 98,371 shares of the company’s stock, valued at $5,086,764.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on USB shares. ValuEngine lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, May 11th. Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research report on Monday, July 23rd. Finally, Susquehanna Bancshares set a $57.00 target price on U.S. Bancorp and gave the stock a “hold” rating in a research report on Monday, April 23rd. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.58.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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