TCW Group Inc. Has $2.81 Million Holdings in US Bancorp (USB)

TCW Group Inc. reduced its position in U.S. Bancorp (NYSE:USB) by 16.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,567 shares of the financial services provider’s stock after selling 10,916 shares during the quarter. TCW Group Inc.’s holdings in U.S. Bancorp were worth $2,806,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of U.S. Bancorp by 0.3% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 251,409 shares of the financial services provider’s stock valued at $13,470,000 after purchasing an additional 870 shares during the last quarter. Bollard Group LLC grew its holdings in shares of U.S. Bancorp by 0.5% during the fourth quarter. Bollard Group LLC now owns 172,019 shares of the financial services provider’s stock valued at $9,217,000 after purchasing an additional 905 shares during the last quarter. Schulhoff & Co. Inc. grew its holdings in shares of U.S. Bancorp by 0.8% during the fourth quarter. Schulhoff & Co. Inc. now owns 120,766 shares of the financial services provider’s stock valued at $6,470,000 after purchasing an additional 911 shares during the last quarter. RKL Wealth Management LLC grew its holdings in shares of U.S. Bancorp by 4.5% during the fourth quarter. RKL Wealth Management LLC now owns 21,452 shares of the financial services provider’s stock valued at $1,146,000 after purchasing an additional 922 shares during the last quarter. Finally, SVA Plumb Wealth Management LLC grew its holdings in shares of U.S. Bancorp by 0.7% during the first quarter. SVA Plumb Wealth Management LLC now owns 141,200 shares of the financial services provider’s stock valued at $7,567,000 after purchasing an additional 980 shares during the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

NYSE USB opened at $51.08 on Thursday. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $84.50 billion, a PE ratio of 14.94, a P/E/G ratio of 1.70 and a beta of 0.93.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.01. U.S. Bancorp had a net margin of 26.39% and a return on equity of 14.20%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the prior year, the business posted $0.82 earnings per share. U.S. Bancorp’s revenue for the quarter was up 3.4% compared to the same quarter last year. sell-side analysts predict that U.S. Bancorp will post 4.03 EPS for the current year.

USB has been the subject of several recent research reports. Vining Sparks reaffirmed a “buy” rating and set a $61.00 target price on shares of U.S. Bancorp in a report on Friday, April 6th. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 5th. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, May 11th. Finally, Susquehanna Bancshares set a $57.00 price objective on U.S. Bancorp and gave the stock a “hold” rating in a report on Monday, April 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.38.

U.S. Bancorp Company Profile

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.

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



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