Twin Tree Management LP trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 89.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,301 shares of the financial services provider’s stock after selling 20,453 shares during the period. Twin Tree Management LP’s holdings in U.S. Bancorp were worth $116,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of U.S. Bancorp by 0.3% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 251,409 shares of the financial services provider’s stock worth $13,470,000 after purchasing an additional 870 shares in the last quarter. Bollard Group LLC increased its stake in shares of U.S. Bancorp by 0.5% during the 4th quarter. Bollard Group LLC now owns 172,019 shares of the financial services provider’s stock worth $9,217,000 after purchasing an additional 905 shares in the last quarter. Schulhoff & Co. Inc. increased its stake in shares of U.S. Bancorp by 0.8% during the 4th quarter. Schulhoff & Co. Inc. now owns 120,766 shares of the financial services provider’s stock worth $6,470,000 after purchasing an additional 911 shares in the last quarter. RKL Wealth Management LLC increased its stake in shares of U.S. Bancorp by 4.5% during the 4th quarter. RKL Wealth Management LLC now owns 21,452 shares of the financial services provider’s stock worth $1,146,000 after purchasing an additional 922 shares in the last quarter. Finally, Boston Advisors LLC increased its stake in shares of U.S. Bancorp by 4.4% during the 4th quarter. Boston Advisors LLC now owns 23,954 shares of the financial services provider’s stock worth $1,283,000 after purchasing an additional 1,002 shares in the last quarter. 73.45% of the stock is owned by institutional investors and hedge funds.
Get U.S. Bancorp alerts:In other news, EVP Craig E. Gifford sold 45,890 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total transaction of $2,540,011.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Omaley sold 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $55.60, for a total transaction of $556,000.00. Following the sale, the director now directly owns 231,682 shares of the company’s stock, valued at $12,881,519.20. The disclosure for this sale can be found here. Insiders have sold a total of 168,016 shares of company stock valued at $9,356,775 over the last three months. Corporate insiders own 0.43% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Vining Sparks reissued a “hold” rating and set a $61.00 price objective on shares of U.S. Bancorp in a research note on Thursday, January 25th. Deutsche Bank raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $63.00 in a research note on Thursday, January 25th. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Friday, February 2nd. Finally, JPMorgan Chase cut shares of U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective for the company. in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.38.
USB stock opened at $50.55 on Monday. The company has a market capitalization of $83.03 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a one year low of $49.03 and a one year high of $58.50.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same period in the previous year, the company earned $0.82 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts expect that U.S. Bancorp will post 4.04 EPS for the current year.
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.
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