First National Bank Sioux Falls Purchases New Holdings in U.S. Bancorp (USB)

First National Bank Sioux Falls bought a new position in shares of U.S. Bancorp (NYSE:USB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,185 shares of the financial services provider’s stock, valued at approximately $3,225,000. U.S. Bancorp comprises 11.3% of First National Bank Sioux Falls’ holdings, making the stock its largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of U.S. Bancorp by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares in the last quarter. New England Asset Management Inc. lifted its holdings in shares of U.S. Bancorp by 52.5% during the 1st quarter. New England Asset Management Inc. now owns 26,571,846 shares of the financial services provider’s stock valued at $1,368,451,000 after purchasing an additional 9,150,126 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of U.S. Bancorp by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after purchasing an additional 110,571 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of U.S. Bancorp by 5,598.0% during the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after purchasing an additional 12,431,466 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of U.S. Bancorp by 1.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,625,567 shares of the financial services provider’s stock valued at $603,599,000 after purchasing an additional 118,063 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Several equities analysts have recently weighed in on USB shares. Instinet cut 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 report on Thursday, September 28th. Citigroup reissued a “neutral” rating and issued a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Bank of America lowered U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $56.00 to $54.00 in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.56.

U.S. Bancorp (USB) traded up $0.35 on Monday, reaching $54.50. The company had a trading volume of 13,109,900 shares, compared to its average volume of 6,066,437. The company has a market cap of $90,442.26, a P/E ratio of 16.17, a PEG ratio of 2.12 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61. 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 released its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. sell-side analysts predict that U.S. Bancorp will post 3.43 EPS for the current year.

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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.

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

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