Enterprise Financial Services Corp Sells 1,207 Shares of U.S. Bancorp (NYSE:USB)

Enterprise Financial Services Corp lowered its stake in U.S. Bancorp (NYSE:USB) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,188 shares of the financial services provider’s stock after selling 1,207 shares during the quarter. Enterprise Financial Services Corp’s holdings in U.S. Bancorp were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in U.S. Bancorp by 12.9% during the 4th quarter. FMR LLC now owns 27,563,463 shares of the financial services provider’s stock valued at $1,259,651,000 after purchasing an additional 3,143,660 shares during the period. Northern Trust Corp increased its stake in U.S. Bancorp by 2.9% in the 4th quarter. Northern Trust Corp now owns 20,129,830 shares of the financial services provider’s stock worth $919,933,000 after acquiring an additional 561,261 shares during the last quarter. Geode Capital Management LLC increased its stake in U.S. Bancorp by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 18,322,754 shares of the financial services provider’s stock worth $835,766,000 after acquiring an additional 1,285,265 shares during the last quarter. Bank of New York Mellon Corp increased its stake in U.S. Bancorp by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 16,427,901 shares of the financial services provider’s stock worth $750,754,000 after acquiring an additional 465,927 shares during the last quarter. Finally, Norges Bank bought a new stake in U.S. Bancorp in the 4th quarter worth approximately $723,318,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Vice Chairman James B. Kelligrew sold 20,000 shares of U.S. Bancorp stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.61, for a total value of $1,012,200.00. Following the completion of the transaction, the insider now owns 49,495 shares in the company, valued at approximately $2,504,941.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total value of $248,110.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,233 shares of company stock valued at $1,907,734. Company insiders own 0.24% of the company’s stock.

NYSE:USB traded down $0.05 during trading hours on Wednesday, reaching $51.85. The stock had a trading volume of 3,478,379 shares, compared to its average volume of 6,310,333. The company has a market cap 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 has a 52 week low of $43.14 and a 52 week high of $55.56.

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, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, analysts anticipate that U.S. Bancorp will post 4.29 EPS for the current year.

A number of analysts have issued reports on the company. Robert W. Baird downgraded U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Monday, January 28th. Zacks Investment Research downgraded U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Oppenheimer lifted their price objective 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.33.

TRADEMARK VIOLATION WARNING: “Enterprise Financial Services Corp Sells 1,207 Shares of U.S. Bancorp (NYSE:USB)” was first reported by Sundance Herald and is the sole property of of Sundance Herald. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://sundanceherald.com/2019/05/22/u-s-bancorp-usb-shares-sold-by-enterprise-financial-services-corp.html.

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.

Read More: What is a recession?

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply