U.S. Bancorp (NYSE:USB) Stock Holdings Lessened by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 16.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 49,662 shares of the financial services provider's stock after selling 9,795 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in U.S. Bancorp were worth $2,097,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. J.Safra Asset Management Corp purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $26,000. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $28,000. Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at about $30,000. REAP Financial Group LLC grew its holdings in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after purchasing an additional 297 shares during the period. Finally, Millstone Evans Group LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on USB. Wolfe Research upgraded shares of U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, April 3rd. Raymond James restated an "outperform" rating and set a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Morgan Stanley lowered their target price on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reduced their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Finally, Cowen started coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.72.

Insider Activity

In related news, Director Aleem Gillani purchased 5,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

USB traded up $0.15 during trading on Monday, reaching $43.14. 14,245,517 shares of the company were exchanged, compared to its average volume of 9,090,715. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $41.74 and a 200 day moving average of $45.01. The stock has a market cap of $67.22 billion, a P/E ratio of 11.38, a PEG ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The firm had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the company earned $0.78 EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.