U.S. Bancorp (USB) Holdings Cut by Axa

Axa reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616,310 shares of the financial services provider’s stock after selling 44,616 shares during the quarter. Axa’s holdings in U.S. Bancorp were worth $86,602,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Delpha Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $109,000. Pittenger & Anderson Inc. increased its stake in shares of U.S. Bancorp by 9.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 112,686 shares of the financial services provider’s stock valued at $6,038,000 after buying an additional 9,696 shares in the last quarter. Farr Miller & Washington LLC DC increased its stake in shares of U.S. Bancorp by 4.6% in the fourth quarter. Farr Miller & Washington LLC DC now owns 49,986 shares of the financial services provider’s stock valued at $2,678,000 after buying an additional 2,211 shares in the last quarter. Haverford Financial Services Inc. acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at $3,795,000. Finally, Haverford Trust Co. increased its stake in shares of U.S. Bancorp by 2,164.3% in the fourth quarter. Haverford Trust Co. now owns 921,145 shares of the financial services provider’s stock valued at $49,355,000 after buying an additional 880,464 shares in the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

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U.S. Bancorp (USB) opened at $55.28 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. U.S. Bancorp has a 1-year low of $49.53 and a 1-year high of $58.50. The stock has a market capitalization of $91,740.00, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the business earned $0.82 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts expect that U.S. Bancorp will post 4.05 EPS for the current year.

In other U.S. Bancorp news, EVP Craig E. Gifford sold 45,890 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total transaction of $2,540,011.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.02, for a total value of $750,527.82. Following the transaction, the insider now owns 126,387 shares in the company, valued at approximately $6,953,812.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,016 shares of company stock worth $9,356,775. Company insiders own 0.39% of the company’s stock.

A number of analysts have recently weighed in on the company. Vining Sparks restated a “hold” rating and issued a $61.00 target price on shares of U.S. Bancorp in a research note on Thursday, January 25th. Deutsche Bank upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $63.00 in a research note on Thursday, January 25th. Morgan Stanley raised their price target on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded 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, JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price target on the stock. in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.64.

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

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