Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of U.S. Bancorp (NYSE:USB) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,821,070 shares of the financial services provider’s stock after purchasing an additional 17,420 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of U.S. Bancorp worth $258,313,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $106,000. Horan Capital Advisors LLC. bought a new position in U.S. Bancorp during the 3rd quarter valued at approximately $112,000. Phocas Financial Corp. bought a new position in U.S. Bancorp during the 2nd quarter valued at approximately $109,000. Cerebellum GP LLC bought a new position in U.S. Bancorp during the 4th quarter valued at approximately $123,000. Finally, San Francisco Sentry Investment Group CA raised its position in shares of U.S. Bancorp by 1,211.9% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 3,054 shares in the last quarter. Institutional investors and hedge funds own 74.42% of the company’s stock.
Several analysts have commented on the company. Deutsche Bank upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $63.00 in a research note on Thursday, January 25th. Jefferies Group reissued a “buy” rating and set a $63.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Friday, January 5th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Friday, February 2nd. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $64.00 target price on shares of U.S. Bancorp in a report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $58.64.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts predict that U.S. Bancorp will post 4.05 EPS for the current fiscal year.
In related news, EVP Craig E. Gifford sold 45,890 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total transaction of $2,540,011.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Omaley sold 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $55.60, for a total transaction of $556,000.00. Following the transaction, the director now owns 231,682 shares of the company’s stock, valued at approximately $12,881,519.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,016 shares of company stock worth $9,356,775. Corporate insiders own 0.43% of the company’s stock.
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U.S. Bancorp Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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