U.S. Bancorp (USB) Holdings Raised by InterOcean Capital LLC

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InterOcean Capital LLC raised its position in U.S. Bancorp (NYSE:USB) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,762 shares of the financial services provider’s stock after acquiring an additional 37,341 shares during the period. U.S. Bancorp makes up approximately 1.7% of InterOcean Capital LLC’s holdings, making the stock its 23rd biggest holding. InterOcean Capital LLC’s holdings in U.S. Bancorp were worth $14,544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in USB. Bank of Montreal Can acquired a new stake in U.S. Bancorp in the second quarter valued at approximately $131,487,000. Bank of New York Mellon Corp boosted its stake in U.S. Bancorp by 15.0% in the second quarter. Bank of New York Mellon Corp now owns 15,867,860 shares of the financial services provider’s stock valued at $793,710,000 after acquiring an additional 2,071,326 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in U.S. Bancorp by 103.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,441,710 shares of the financial services provider’s stock valued at $173,806,000 after acquiring an additional 1,751,500 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in U.S. Bancorp in the first quarter valued at approximately $83,658,000. Finally, BTIM Corp. acquired a new stake in U.S. Bancorp in the second quarter valued at approximately $78,408,000. Institutional investors own 74.35% of the company’s stock.

NYSE USB opened at $54.33 on Friday. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.78 and a beta of 0.98. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, July 18th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. U.S. Bancorp had a net margin of 26.96% and a return on equity of 14.66%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the company posted $0.25 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. equities analysts anticipate that U.S. Bancorp will post 4.07 earnings per share for the current year.

In related news, Vice Chairman John R. Elmore sold 58,924 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $51.71, for a total transaction of $3,046,960.04. Following the completion of the transaction, the insider now owns 98,371 shares of the company’s stock, valued at $5,086,764.41. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

USB has been the subject of several recent analyst reports. ValuEngine downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, May 11th. Finally, Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a report on Monday, July 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $58.58.

About U.S. Bancorp

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

Further Reading: Calculate Your Return on Investment (ROI)

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

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