Bristlecone Advisors LLC increased its position in U.S. Bancorp (NYSE:USB) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 52,590 shares of the financial services provider’s stock after buying an additional 623 shares during the period. Bristlecone Advisors LLC’s holdings in U.S. Bancorp were worth $2,256,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. raised its position in U.S. Bancorp by 2.5% in the third quarter. Raymond James Trust N.A. now owns 54,780 shares of the financial services provider’s stock worth $2,350,000 after buying an additional 1,352 shares in the last quarter. Fisher Asset Management LLC raised its position in U.S. Bancorp by 42.3% in the third quarter. Fisher Asset Management LLC now owns 815,730 shares of the financial services provider’s stock worth $34,987,000 after buying an additional 242,677 shares in the last quarter. Naples Global Advisors LLC raised its position in U.S. Bancorp by 5.0% in the third quarter. Naples Global Advisors LLC now owns 30,615 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 1,467 shares in the last quarter. City Holding Co. raised its position in U.S. Bancorp by 4.6% in the third quarter. City Holding Co. now owns 28,130 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 1,240 shares in the last quarter. Finally, Carlson Capital Management raised its position in U.S. Bancorp by 22.1% in the third quarter. Carlson Capital Management now owns 25,821 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 4,675 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

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

U.S. Bancorp (NYSE:USB) traded up 1.06% during mid-day trading on Wednesday, hitting $49.62. The company had a trading volume of 6,887,102 shares. The firm’s 50 day moving average is $45.97 and its 200 day moving average is $43.20. The company has a market capitalization of $84.34 billion, a price-to-earnings ratio of 15.36 and a beta of 0.80. U.S. Bancorp has a 52 week low of $37.07 and a 52 week high of $49.77.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. U.S. Bancorp had a return on equity of 13.92% and a net margin of 26.24%. The company earned $5.39 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts predict that U.S. Bancorp will post $3.24 EPS for the current year.

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A number of equities research analysts have weighed in on the company. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of U.S. Bancorp in a report on Saturday, September 17th. Wedbush lifted their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank AG lifted their target price on U.S. Bancorp from $46.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday. Jefferies Group reiterated a “hold” rating and issued a $44.00 target price on shares of U.S. Bancorp in a report on Wednesday, August 10th. Finally, lifted their target price on U.S. Bancorp from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.11.

In related news, Vice Chairman P.W. Parker sold 122,981 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $44.79, for a total transaction of $5,508,318.99. Following the completion of the transaction, the insider now owns 309,648 shares of the company’s stock, valued at approximately $13,869,133.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman John R. Elmore sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $43.83, for a total value of $1,753,200.00. Following the transaction, the insider now directly owns 113,723 shares of the company’s stock, valued at approximately $4,984,479.09. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

5 Day Chart for NYSE:USB

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