Rockshelter Capital Management LLC Cuts Position in U.S. Bancorp (USB)

Rockshelter Capital Management LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 95,689 shares of the financial services provider’s stock after selling 1,755 shares during the period. U.S. Bancorp makes up about 1.5% of Rockshelter Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Rockshelter Capital Management LLC’s holdings in U.S. Bancorp were worth $4,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of USB. Shelton Capital Management grew its position in shares of U.S. Bancorp by 51.2% during the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock worth $6,860,000 after buying an additional 45,116 shares in the last quarter. Twin Tree Management LP grew its position in shares of U.S. Bancorp by 63.2% during the second quarter. Twin Tree Management LP now owns 34,326 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 13,295 shares in the last quarter. Oarsman Capital Inc. grew its position in shares of U.S. Bancorp by 4.5% during the second quarter. Oarsman Capital Inc. now owns 11,430 shares of the financial services provider’s stock worth $593,000 after buying an additional 488 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of U.S. Bancorp by 16.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 368,986 shares of the financial services provider’s stock worth $19,158,000 after buying an additional 52,380 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in U.S. Bancorp by 7.5% in the second 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 period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Shares of U.S. Bancorp (NYSE:USB) traded down $0.23 on Thursday, hitting $54.59. 3,822,000 shares of the stock traded hands, compared to its average volume of 6,071,269. U.S. Bancorp has a 52 week low of $49.53 and a 52 week high of $56.61. The firm has a market capitalization of $90,973.30, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. equities analysts expect that U.S. Bancorp will post 3.43 EPS for the current fiscal year.

A number of research firms have commented on USB. J P Morgan Chase & Co decreased their price objective on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Nomura lifted their price objective on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Morgan Stanley lifted their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.20.

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U.S. Bancorp Company 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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