U.S. Bancorp (NYSE:USB) Stake Lifted by Tucker Asset Management LLC

Tucker Asset Management LLC increased its stake in shares of U.S. Bancorp (NYSE:USBFree Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,734 shares of the financial services provider’s stock after buying an additional 342 shares during the quarter. Tucker Asset Management LLC’s holdings in U.S. Bancorp were worth $205,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CGC Financial Services LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $26,000. Planned Solutions Inc. acquired a new position in U.S. Bancorp during the 4th quarter worth $27,000. Naples Money Management LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $30,000. Finally, Pineridge Advisors LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $41,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Down 1.1 %

NYSE:USB traded down $0.43 during trading hours on Friday, hitting $38.83. 5,121,887 shares of the company’s stock traded hands, compared to its average volume of 7,950,724. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a twelve month low of $30.47 and a twelve month high of $45.85. The stock’s fifty day moving average price is $40.73 and its two-hundred day moving average price is $41.69. The firm has a market cap of $60.59 billion, a P/E ratio of 12.86, a P/E/G ratio of 3.78 and a beta of 1.04.

U.S. Bancorp (NYSE:USBGet Free Report) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm posted $1.16 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts expect that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. DA Davidson cut their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and issued a $47.00 price objective on shares of U.S. Bancorp in a report on Thursday, May 16th. Finally, Evercore ISI upped their price objective on U.S. Bancorp from $46.00 to $48.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.02.

Get Our Latest Analysis on U.S. Bancorp

U.S. Bancorp Profile

(Free Report)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

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

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