Norinchukin Bank The Acquires 6,592 Shares of U.S. Bancorp (USB)

Norinchukin Bank The lifted its holdings in U.S. Bancorp (NYSE:USB) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,559 shares of the financial services provider’s stock after acquiring an additional 6,592 shares during the period. Norinchukin Bank The’s holdings in U.S. Bancorp were worth $3,248,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in USB. Spectrum Management Group Inc. increased its position in shares of U.S. Bancorp by 23.0% in the first quarter. Spectrum Management Group Inc. now owns 22,865 shares of the financial services provider’s stock worth $1,178,000 after acquiring an additional 4,275 shares in the last quarter. Virginia Retirement Systems ET AL grew its holdings in U.S. Bancorp by 5.1% during the 1st quarter. Virginia Retirement Systems ET AL now owns 82,400 shares of the financial services provider’s stock valued at $4,244,000 after purchasing an additional 4,000 shares in the last quarter. Schnieders Capital Management LLC grew its holdings in U.S. Bancorp by 45.1% during the 1st quarter. Schnieders Capital Management LLC now owns 11,580 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 3,600 shares in the last quarter. Heathbridge Capital Management Ltd. grew its holdings in U.S. Bancorp by 8.7% during the 1st quarter. Heathbridge Capital Management Ltd. now owns 5,000 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 400 shares in the last quarter. Finally, Fairfield Bush & CO. grew its holdings in U.S. Bancorp by 6.1% during the 1st quarter. Fairfield Bush & CO. now owns 23,968 shares of the financial services provider’s stock valued at $1,234,000 after purchasing an additional 1,375 shares in the last quarter. 74.66% of the stock is owned by institutional investors.

U.S. Bancorp (USB) opened at $51.68 on Tuesday. 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 has a 52-week low of $47.59 and a 52-week high of $56.61. The stock has a market cap of $85,646.33, a PE ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.60 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts anticipate that U.S. Bancorp will post 3.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.30 dividend. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, September 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.

USB has been the subject of a number of recent analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a report on Monday, October 9th. BidaskClub lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of U.S. Bancorp in a report on Thursday, October 12th. Argus raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, July 20th. Finally, Nomura lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $57.00 to $55.00 in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.82.

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

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