U.S. Bancorp (USB) Holdings Trimmed by Providence First Trust Co

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Providence First Trust Co lessened its position in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the first quarter, HoldingsChannel.com reports. The fund owned 32,437 shares of the financial services provider’s stock after selling 295 shares during the period. Providence First Trust Co’s holdings in U.S. Bancorp were worth $1,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. HC Financial Advisors Inc. grew its position in shares of U.S. Bancorp by 5.2% during the third quarter. HC Financial Advisors Inc. now owns 42,967 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,143 shares during the last quarter. Morgan Stanley grew its position in shares of U.S. Bancorp by 32.7% during the third quarter. Morgan Stanley now owns 5,506,411 shares of the financial services provider’s stock worth $290,793,000 after acquiring an additional 1,358,026 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $394,000. Joel Isaacson & Co. LLC grew its position in shares of U.S. Bancorp by 19.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 5,473 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 886 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $348,000. Institutional investors own 75.98% of the company’s stock.

Shares of NYSE USB opened at $51.90 on Wednesday. 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 1-year low of $43.14 and a 1-year high of $55.56. The firm has a market cap of $82.42 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.72 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 4.29 earnings per share for the current fiscal year.

In related news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the sale, the insider now directly owns 39,330 shares of the company’s stock, valued at $2,026,674.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,233 shares of company stock valued at $1,907,734. Corporate insiders own 0.24% of the company’s stock.

A number of brokerages have recently issued reports on USB. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Oppenheimer raised their target price on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. U.S. Bancorp has an average rating of “Hold” and an average price target of $58.33.

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

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