Nelson Roberts Investment Advisors LLC Has $7.15 Million Holdings in U.S. Bancorp (NYSE:USB)

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Nelson Roberts Investment Advisors LLC cut its stake in U.S. Bancorp (NYSE:USB) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,668 shares of the financial services provider’s stock after selling 377 shares during the period. U.S. Bancorp comprises approximately 1.5% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 27th largest holding. Nelson Roberts Investment Advisors LLC’s holdings in U.S. Bancorp were worth $7,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Man Group plc raised its holdings in shares of U.S. Bancorp by 20.2% in the 3rd quarter. Man Group plc now owns 639,487 shares of the financial services provider’s stock worth $35,389,000 after buying an additional 107,374 shares in the last quarter. Capital Investment Services of America Inc. increased its holdings in U.S. Bancorp by 2.4% during the 4th quarter. Capital Investment Services of America Inc. now owns 23,241 shares of the financial services provider’s stock valued at $1,378,000 after purchasing an additional 550 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in U.S. Bancorp by 4.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 356,933 shares of the financial services provider’s stock valued at $21,163,000 after purchasing an additional 16,495 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in U.S. Bancorp by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 252,790 shares of the financial services provider’s stock valued at $14,988,000 after purchasing an additional 15,646 shares in the last quarter. Finally, Trillium Asset Management LLC increased its holdings in U.S. Bancorp by 10.2% during the 3rd quarter. Trillium Asset Management LLC now owns 4,960 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 461 shares in the last quarter. 73.87% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on USB shares. Wells Fargo & Co reaffirmed a “sell” rating on shares of U.S. Bancorp in a report on Friday. UBS Group dropped their price target on U.S. Bancorp from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Odeon Capital Group started coverage on U.S. Bancorp in a report on Thursday, December 5th. They set a “hold” rating for the company. Credit Suisse Group reaffirmed a “sell” rating and set a $52.00 price target on shares of U.S. Bancorp in a report on Monday. Finally, Morgan Stanley dropped their price target on U.S. Bancorp from $62.00 to $61.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. U.S. Bancorp presently has a consensus rating of “Hold” and an average price target of $58.97.

Shares of NYSE USB traded down $1.08 during midday trading on Friday, hitting $46.44. The stock had a trading volume of 24,626,098 shares, compared to its average volume of 7,021,762. The company’s 50-day simple moving average is $54.46 and its 200 day simple moving average is $55.99. The firm has a market cap of $68.63 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. U.S. Bancorp has a fifty-two week low of $44.91 and a fifty-two week high of $61.11. The company has a debt-to-equity ratio of 0.86, 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, January 15th. The financial services provider reported $1.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The company had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.78 billion. U.S. Bancorp had a return on equity of 15.23% and a net margin of 25.30%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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

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