Virtu Financial LLC Lowers Holdings in U.S. Bancorp (USB)

Share on StockTwits

Virtu Financial LLC lessened its position in shares of U.S. Bancorp (NYSE:USB) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,139 shares of the financial services provider’s stock after selling 3,562 shares during the period. Virtu Financial LLC’s holdings in U.S. Bancorp were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in USB. FDx Advisors Inc. grew its holdings in shares of U.S. Bancorp by 30.0% in the 3rd quarter. FDx Advisors Inc. now owns 34,013 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 7,852 shares in the last quarter. Atlanta Capital Management Co. L L C grew its holdings in shares of U.S. Bancorp by 0.8% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 1,307,985 shares of the financial services provider’s stock valued at $69,075,000 after acquiring an additional 10,922 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of U.S. Bancorp by 5.9% in the 3rd quarter. D.A. Davidson & CO. now owns 172,340 shares of the financial services provider’s stock valued at $9,101,000 after acquiring an additional 9,525 shares in the last quarter. Shell Asset Management Co. grew its holdings in shares of U.S. Bancorp by 4.1% in the 3rd quarter. Shell Asset Management Co. now owns 399,951 shares of the financial services provider’s stock valued at $21,121,000 after acquiring an additional 15,907 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its holdings in shares of U.S. Bancorp by 19.4% in the 3rd quarter. Freestone Capital Holdings LLC now owns 28,606 shares of the financial services provider’s stock valued at $1,511,000 after acquiring an additional 4,654 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Shares of USB stock opened at $51.76 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $84.59 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.70 and a beta of 0.90. U.S. Bancorp has a 12-month low of $48.49 and a 12-month high of $58.50.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.14%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.1 EPS for the current fiscal year.

Several equities analysts have recently weighed in on USB shares. ValuEngine upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, September 18th. Macquarie upgraded shares of U.S. Bancorp from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $62.00 in a research note on Wednesday, October 10th. UBS Group upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Finally, Oppenheimer upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Thursday, October 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.61.

In other U.S. Bancorp news, Vice Chairman Terrance R. Dolan sold 15,524 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $52.91, for a total transaction of $821,374.84. Following the completion of the sale, the insider now directly owns 124,086 shares in the company, valued at $6,565,390.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark G. Runkel sold 6,347 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $53.20, for a total transaction of $337,660.40. The disclosure for this sale can be found here. Insiders have sold 253,073 shares of company stock valued at $13,383,882 over the last 90 days. Company insiders own 0.43% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://baseballnewssource.com/2018/12/08/virtu-financial-llc-lowers-holdings-in-u-s-bancorp-usb/3065454.html.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

Read More: What is Compound Annual Growth Rate (CAGR)?

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.