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.
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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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