Jane Street Group LLC increased its position in U.S. Bancorp (NYSE:USB) by 126.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,547 shares of the financial services provider’s stock after buying an additional 43,935 shares during the period. Jane Street Group LLC’s holdings in U.S. Bancorp were worth $4,046,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its stake in U.S. Bancorp by 17.0% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 371 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in U.S. Bancorp during the 1st quarter valued at about $155,000. Tradewinds Capital Management LLC boosted its stake in U.S. Bancorp by 87.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 3,663 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,708 shares during the last quarter. Hudock Capital Group LLC boosted its stake in U.S. Bancorp by 0.4% during the 1st quarter. Hudock Capital Group LLC now owns 3,787 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 16 shares during the last quarter. Finally, Mechanics Bank Trust Department acquired a new position in U.S. Bancorp during the 1st quarter valued at about $201,000. Institutional investors own 74.21% of the company’s stock.
Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $59.00 target price on shares of U.S. Bancorp in a report on Friday, August 11th. Robert W. Baird reissued a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a report on Tuesday, September 5th. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, July 19th. Finally, Wells Fargo & Company initiated coverage on shares of U.S. Bancorp in a report on Wednesday, August 9th. They set a “market perform” rating and a $56.00 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.50.
U.S. Bancorp (USB) traded up 0.33% during trading on Friday, reaching $51.81. 6,146,008 shares of the company were exchanged. The company’s 50-day moving average price is $52.00 and its 200-day moving average price is $52.17. The stock has a market capitalization of $86.67 billion, a P/E ratio of 15.65 and a beta of 0.87. U.S. Bancorp has a 1-year low of $42.17 and a 1-year high of $56.61.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. U.S. Bancorp had a net margin of 25.60% and a return on equity of 13.85%. U.S. Bancorp’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. On average, equities analysts forecast that U.S. Bancorp will post $3.44 EPS for the current year.
U.S. Bancorp declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $2.60 billion in shares. This repurchase authorization permits the financial services provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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U.S. Bancorp 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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