Brightworth boosted its holdings in U.S. Bancorp (NYSE:USB) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,023 shares of the financial services provider’s stock after purchasing an additional 2,123 shares during the quarter. U.S. Bancorp comprises approximately 1.2% of Brightworth’s investment portfolio, making the stock its 25th largest holding. Brightworth’s holdings in U.S. Bancorp were worth $5,543,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Capital Group LLC boosted its holdings in U.S. Bancorp by 12.5% during the 1st quarter. Private Capital Group LLC now owns 11,240 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 1,246 shares during the last quarter. Coastline Trust Co boosted its holdings in U.S. Bancorp by 2.0% during the 1st quarter. Coastline Trust Co now owns 82,115 shares of the financial services provider’s stock worth $3,957,000 after acquiring an additional 1,571 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in U.S. Bancorp by 4.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,144 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 212 shares during the last quarter. First Merchants Corp boosted its holdings in U.S. Bancorp by 18.5% during the 1st quarter. First Merchants Corp now owns 30,054 shares of the financial services provider’s stock worth $1,448,000 after acquiring an additional 4,685 shares during the last quarter. Finally, First National Trust Co purchased a new position in U.S. Bancorp during the 1st quarter worth $209,000. 75.98% of the stock is owned by institutional investors and hedge funds.
In other news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $51.53, for a total value of $647,422.92. Following the sale, the insider now owns 39,330 shares in the company, valued at $2,026,674.90. The disclosure for this sale can be found here. Insiders sold a total of 37,233 shares of company stock worth $1,907,734 over the last 90 days. 0.24% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on the stock. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, January 28th. Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Oppenheimer lifted their target price on U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus price target of $58.33.
Shares of NYSE USB traded down $0.05 during mid-day trading on Wednesday, reaching $51.85. 3,478,379 shares of the company’s stock were exchanged, compared to its average volume of 6,310,333. U.S. Bancorp has a 52 week low of $43.14 and a 52 week high of $55.56. The stock has a market capitalization of $82.42 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.84 and a quick ratio of 0.83.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts expect that U.S. Bancorp will post 4.29 EPS for the current fiscal year.
About U.S. Bancorp
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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