Brighton Jones LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,283 shares of the financial services provider’s stock after selling 318 shares during the quarter. Brighton Jones LLC’s holdings in U.S. Bancorp were worth $1,363,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Executive Wealth Management LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $27,000. WESPAC Advisors SoCal LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $27,000. Gantzert Investment Co. LLC ADV purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $32,000. ERTS Wealth Advisors LLC purchased a new stake in U.S. Bancorp in the fourth quarter worth approximately $36,000. Finally, New Potomac Partners LLC purchased a new stake in U.S. Bancorp in the first quarter worth approximately $37,000. 75.98% of the stock is owned by institutional investors.
Shares of NYSE:USB traded down $0.05 during trading on Wednesday, reaching $51.85. 3,478,379 shares of the company traded hands, compared to its average volume of 6,310,333. The firm has a market cap of $82.42 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. U.S. Bancorp has a 52-week low of $43.14 and a 52-week high of $55.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.84.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Research analysts predict that U.S. Bancorp will post 4.29 EPS for the current year.
USB has been the subject of a number of analyst reports. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research note on Monday, January 28th. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Oppenheimer increased their price objective on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $58.33.
In related news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman James B. Kelligrew sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total value of $1,012,200.00. Following the transaction, the insider now owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,233 shares of company stock valued at $1,907,734. 0.24% of the stock is owned by corporate insiders.
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U.S. Bancorp Company Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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