Huntington National Bank trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,402 shares of the financial services provider’s stock after selling 31,606 shares during the quarter. Huntington National Bank’s holdings in U.S. Bancorp were worth $6,459,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. LifePlan Financial Group Inc raised its holdings in shares of U.S. Bancorp by 1,062.5% during the 2nd quarter. LifePlan Financial Group Inc now owns 5,952 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 5,440 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of U.S. Bancorp by 47.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 112,785 shares of the financial services provider’s stock valued at $4,153,000 after purchasing an additional 36,283 shares during the last quarter. State of Michigan Retirement System increased its position in shares of U.S. Bancorp by 1.2% during the 2nd quarter. State of Michigan Retirement System now owns 2,115,199 shares of the financial services provider’s stock valued at $77,882,000 after purchasing an additional 24,257 shares during the last quarter. Accredited Investors Inc. increased its position in shares of U.S. Bancorp by 13.0% during the 2nd quarter. Accredited Investors Inc. now owns 56,737 shares of the financial services provider’s stock valued at $2,089,000 after purchasing an additional 6,542 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of U.S. Bancorp by 5.1% during the 2nd quarter. Koshinski Asset Management Inc. now owns 9,630 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 465 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

USB has been the topic of several analyst reports. Barclays reissued a “buy” rating and set a $53.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 9th. Credit Suisse Group cut their target price on U.S. Bancorp from $43.00 to $41.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Zacks Investment Research raised U.S. Bancorp from a “strong sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Tuesday, June 2nd. Wolfe Research initiated coverage on U.S. Bancorp in a research report on Friday. They set an “outperform” rating on the stock. Finally, Compass Point cut their price objective on U.S. Bancorp from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $46.89.

U.S. Bancorp stock traded down $0.07 on Friday, reaching $36.84. 7,707,372 shares of the stock were exchanged, compared to its average volume of 6,725,943. The stock has a market cap of $55.60 billion, a PE ratio of 10.98, a PEG ratio of 2.42 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. U.S. Bancorp has a twelve month low of $28.36 and a twelve month high of $61.11. The firm has a fifty day moving average price of $36.90 and a two-hundred day moving average price of $40.57.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, July 15th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.54 billion. U.S. Bancorp had a net margin of 19.70% and a return on equity of 11.82%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Equities analysts anticipate that U.S. Bancorp will post 2.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Monday, June 29th. U.S. Bancorp’s dividend payout ratio is 38.71%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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