New York State Common Retirement Fund Has $223.80 Million Stake in U.S. Bancorp (USB)

New York State Common Retirement Fund lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,310,400 shares of the financial services provider’s stock after selling 50,601 shares during the period. New York State Common Retirement Fund owned 0.26% of U.S. Bancorp worth $223,796,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Shelton Capital Management raised its stake in shares of U.S. Bancorp by 51.2% during the 1st quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after purchasing an additional 45,116 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of U.S. Bancorp by 16.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after purchasing an additional 52,380 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of U.S. Bancorp by 4.5% during the 2nd quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 488 shares in the last quarter. Bank of Montreal Can raised its stake in shares of U.S. Bancorp by 2.6% during the 2nd quarter. Bank of Montreal Can now owns 6,171,700 shares of the financial services provider’s stock worth $320,434,000 after purchasing an additional 159,319 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of U.S. Bancorp by 13.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 40,541 shares of the financial services provider’s stock worth $2,088,000 after purchasing an additional 4,683 shares in the last quarter. Institutional investors own 74.66% of the company’s stock.

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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. J P Morgan Chase & Co dropped their price target on U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Jefferies Group LLC restated a “buy” rating and issued a $62.00 price target on shares of U.S. Bancorp in a research note on Thursday, October 12th. Citigroup Inc. restated a “neutral” rating and issued a $58.00 price target (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and issued a $48.00 price target on shares of U.S. Bancorp in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.19.

Shares of U.S. Bancorp (USB) opened at $51.88 on Friday. The stock has a market capitalization of $86,060.00, a price-to-earnings ratio of 15.38, a PEG ratio of 2.02 and a beta of 0.86. U.S. Bancorp has a 1-year low of $48.66 and a 1-year high of $56.61. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. U.S. Bancorp’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. research analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current year.

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.

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

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