U.S. Bancorp (USB) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its position in shares of U.S. Bancorp (NYSE:USB) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,432 shares of the financial services provider’s stock after acquiring an additional 26,708 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in U.S. Bancorp were worth $14,332,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in USB. Janus Henderson Group PLC raised its position in shares of U.S. Bancorp by 5,598.0% during the second quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after buying an additional 12,431,466 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of U.S. Bancorp by 154.2% during the second quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock valued at $303,034,000 after buying an additional 3,540,530 shares during the last quarter. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 1.7% during the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after buying an additional 1,727,498 shares during the last quarter. American Century Companies Inc. raised its position in shares of U.S. Bancorp by 20.9% during the second quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after buying an additional 1,590,023 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of U.S. Bancorp by 842.3% during the second quarter. Lord Abbett & CO. LLC now owns 1,710,200 shares of the financial services provider’s stock valued at $88,794,000 after buying an additional 1,528,700 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on USB. Vining Sparks reaffirmed a “buy” rating and set a $64.00 price objective on shares of U.S. Bancorp in a research report on Monday, January 8th. Morgan Stanley upped their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, October 19th. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 price objective on shares of U.S. Bancorp in a research report on Monday, January 8th. Finally, Nomura lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.22.

Shares of U.S. Bancorp (NYSE USB) opened at $56.98 on Friday. The firm has a market cap of $94,560.00, a PE ratio of 16.96, a P/E/G ratio of 1.92 and a beta of 0.85. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $57.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. equities analysts expect that U.S. Bancorp will post 3.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. U.S. Bancorp’s payout ratio is currently 35.71%.

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U.S. Bancorp Company 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.

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

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