Farmers Trust Co. Has $4.19 Million Holdings in U.S. Bancorp (USB)

Farmers Trust Co. lessened its holdings in U.S. Bancorp (NYSE:USB) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,183 shares of the financial services provider’s stock after selling 5,543 shares during the quarter. U.S. Bancorp accounts for approximately 1.2% of Farmers Trust Co.’s holdings, making the stock its 24th biggest holding. Farmers Trust Co.’s holdings in U.S. Bancorp were worth $4,189,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP grew its holdings in shares of U.S. Bancorp by 63.2% in the 2nd quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 13,295 shares during the last quarter. Oarsman Capital Inc. grew its holdings in shares of U.S. Bancorp by 4.5% in 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 during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of U.S. Bancorp by 16.5% in 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 during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of U.S. Bancorp by 7.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 210,974 shares of the financial services provider’s stock worth $10,954,000 after purchasing an additional 14,678 shares during the last quarter. Finally, Rockefeller Financial Services Inc. grew its holdings in shares of U.S. Bancorp by 57.1% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 32,886 shares of the financial services provider’s stock worth $1,762,000 after purchasing an additional 11,950 shares during the last quarter. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

USB has been the topic of several research reports. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, January 17th. Barclays upped their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Vining Sparks reiterated a “hold” rating and set a $61.00 price target on shares of U.S. Bancorp in a research report on Thursday, January 25th. JPMorgan Chase & Co. downgraded shares of U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price target on the stock. in a research report on Wednesday, January 31st. Finally, Morgan Stanley upped their price target on shares of U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.13.

U.S. Bancorp (NYSE USB) opened at $54.80 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $58.50. The stock has a market cap of $91,990.00, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that U.S. Bancorp will post 4.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. U.S. Bancorp’s dividend payout ratio is 34.19%.

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About U.S. Bancorp

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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