Check Capital Management Inc. CA lifted its position in shares of U.S. Bancorp (NYSE:USB) by 34.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 669,245 shares of the financial services provider’s stock after acquiring an additional 172,743 shares during the quarter. U.S. Bancorp accounts for about 1.7% of Check Capital Management Inc. CA’s holdings, making the stock its 16th biggest position. Check Capital Management Inc. CA’s holdings in U.S. Bancorp were worth $32,251,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in USB. Norges Bank purchased a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $723,318,000. Oregon Public Employees Retirement Fund boosted its stake in shares of U.S. Bancorp by 4,346.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,619,515 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 7,448,158 shares in the last quarter. FMR LLC boosted its stake in shares of 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 worth $1,259,651,000 after acquiring an additional 3,143,660 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in shares of U.S. Bancorp during the 1st quarter worth approximately $81,175,000. Finally, Morgan Stanley lifted its stake in U.S. Bancorp by 32.7% in the 3rd quarter. Morgan Stanley now owns 5,506,411 shares of the financial services provider’s stock valued at $290,793,000 after buying an additional 1,358,026 shares in the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.
USB stock opened at $51.72 on Tuesday. U.S. Bancorp has a 1 year low of $43.14 and a 1 year 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. The company has a market capitalization of $82.42 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.72 and a beta of 1.10.
U.S. Bancorp (NYSE:USB) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the company earned $0.96 EPS. U.S. Bancorp’s revenue was up 2.0% on a year-over-year basis. Analysts expect that U.S. Bancorp will post 4.29 earnings per share for the current year.
A number of equities research analysts recently issued reports on USB shares. Zacks Investment Research lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Oppenheimer upped their target price 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. Finally, Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Monday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.33.
In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total value of $248,110.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $51.53, for a total value of $647,422.92. Following the completion of the transaction, the insider now owns 39,330 shares of the company’s stock, valued at $2,026,674.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,233 shares of company stock worth $1,907,734. 0.24% of the stock is owned by corporate insiders.
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U.S. Bancorp 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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