Geode Capital Management LLC Has $835.77 Million Position in U.S. Bancorp (USB)

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Geode Capital Management LLC lifted its holdings in U.S. Bancorp (NYSE:USB) by 7.5% in the fourth quarter, Holdings Channel reports. The fund owned 18,322,754 shares of the financial services provider’s stock after purchasing an additional 1,285,265 shares during the quarter. Geode Capital Management LLC’s holdings in U.S. Bancorp were worth $835,766,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Financial Advisors Inc. lifted its stake in U.S. Bancorp by 0.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 49,316 shares of the financial services provider’s stock worth $2,254,000 after purchasing an additional 243 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in U.S. Bancorp by 4.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 262,555 shares of the financial services provider’s stock worth $10,496,000 after purchasing an additional 10,800 shares during the last quarter. Bank of Montreal Can lifted its stake in U.S. Bancorp by 4.0% in the fourth quarter. Bank of Montreal Can now owns 3,441,845 shares of the financial services provider’s stock worth $157,293,000 after purchasing an additional 131,322 shares during the last quarter. Timber Creek Capital Management LLC lifted its stake in U.S. Bancorp by 3.9% in the fourth quarter. Timber Creek Capital Management LLC now owns 60,238 shares of the financial services provider’s stock worth $2,752,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Resources Investment Advisors Inc. lifted its stake in U.S. Bancorp by 10.6% in the fourth quarter. Resources Investment Advisors Inc. now owns 16,734 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 1,604 shares during the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

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

In other news, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the transaction, the insider now directly owns 49,495 shares of the company’s stock, valued at $2,504,941.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,233 shares of company stock worth $1,907,734. Corporate insiders own 0.24% of the company’s stock.

Shares of NYSE:USB opened at $51.56 on Friday. The company has a market cap of $81.99 billion, a PE ratio of 12.58, a P/E/G ratio of 1.72 and a beta of 1.10. U.S. Bancorp has a one year low of $43.14 and a one 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.

U.S. Bancorp (NYSE:USB) last issued 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 business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.29 earnings per share for the current year.

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

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