FinTrust Capital Advisors LLC Purchases 425 Shares of U.S. Bancorp (NYSE:USB)

FinTrust Capital Advisors LLC raised its position in shares of U.S. Bancorp (NYSE:USB) by 52.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,237 shares of the financial services provider’s stock after purchasing an additional 425 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in U.S. Bancorp were worth $44,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of U.S. Bancorp by 2.4% during the 2nd quarter. BlackRock Inc. now owns 100,585,319 shares of the financial services provider’s stock valued at $3,703,551,000 after acquiring an additional 2,314,505 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of U.S. Bancorp by 147.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,297,120 shares of the financial services provider’s stock valued at $600,061,000 after acquiring an additional 9,723,270 shares during the period. FMR LLC grew its stake in shares of U.S. Bancorp by 21.6% during the 2nd quarter. FMR LLC now owns 13,491,942 shares of the financial services provider’s stock valued at $496,773,000 after acquiring an additional 2,392,958 shares during the period. Davis Selected Advisers grew its stake in shares of U.S. Bancorp by 2.5% during the 2nd quarter. Davis Selected Advisers now owns 13,424,011 shares of the financial services provider’s stock valued at $494,272,000 after acquiring an additional 321,855 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of U.S. Bancorp by 10.5% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,169,126 shares of the financial services provider’s stock valued at $337,607,000 after acquiring an additional 873,164 shares during the period. Institutional investors and hedge funds own 73.22% of the company’s stock.

A number of research analysts recently issued reports on USB shares. Bank of America upgraded U.S. Bancorp from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $39.00 to $41.00 in a research note on Wednesday, October 7th. Morgan Stanley boosted their price objective on U.S. Bancorp from $41.00 to $43.00 and gave the company an “underweight” rating in a research note on Thursday, October 15th. JPMorgan Chase & Co. boosted their price objective on U.S. Bancorp from $37.50 to $43.50 and gave the company an “underweight” rating in a research note on Tuesday, October 6th. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $44.58.

NYSE:USB opened at $42.66 on Friday. The stock’s fifty day moving average is $39.95 and its 200 day moving average is $37.34. U.S. Bancorp has a fifty-two week low of $28.36 and a fifty-two week high of $61.11. The firm has a market capitalization of $64.26 billion, a PE ratio of 14.13, a PEG ratio of 2.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.82.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.08. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.70 billion. U.S. Bancorp had a return on equity of 10.99% and a net margin of 18.68%. U.S. Bancorp’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. Equities analysts forecast that U.S. Bancorp will post 3.01 EPS for the current year.

In other U.S. Bancorp news, insider James B. Kelligrew sold 2,868 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $40.55, for a total value of $116,297.40. Following the transaction, the insider now owns 60,933 shares of the company’s stock, valued at approximately $2,470,833.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

About U.S. Bancorp

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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