Hancock Whitney Corp lowered its stake in U.S. Bancorp (NYSE:USB) by 24.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,152 shares of the financial services provider’s stock after selling 9,964 shares during the period. Hancock Whitney Corp’s holdings in U.S. Bancorp were worth $1,787,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Simon Quick Advisors LLC grew its stake in U.S. Bancorp by 1,060.0% in the 4th quarter. Simon Quick Advisors LLC now owns 464 shares of the financial services provider’s stock valued at $28,000 after buying an additional 424 shares during the last quarter. Howard Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $32,000. Bridger Capital Management LLC acquired a new position in shares of U.S. Bancorp during the 3rd quarter worth approximately $33,000. Allred Capital Management LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $33,000. Finally, Manchester Financial Inc. acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 74.99% of the company’s stock.
A number of research analysts have issued reports on USB shares. Zacks Investment Research upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Tuesday, December 10th. Morgan Stanley decreased their target price on shares of U.S. Bancorp from $62.00 to $61.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Co lowered shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research report on Monday, January 6th. Odeon Capital Group started coverage on shares of U.S. Bancorp in a research report on Thursday, December 5th. They set a “hold” rating on the stock. Finally, ValuEngine upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 18th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. U.S. Bancorp currently has a consensus rating of “Hold” and a consensus price target of $58.97.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.78 billion. U.S. Bancorp had a net margin of 25.30% and a return on equity of 15.23%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. On average, equities research analysts forecast that U.S. Bancorp will post 4.36 earnings per share for the current year.
In related news, insider Leslie V. Godridge sold 26,084 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.06, for a total transaction of $1,540,521.04. Following the sale, the insider now owns 65,414 shares in the company, valued at approximately $3,863,350.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 12,356 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $59.93, for a total transaction of $740,495.08. Following the sale, the executive vice president now owns 102,286 shares in the company, valued at approximately $6,129,999.98. The disclosure for this sale can be found here. Insiders have sold a total of 41,040 shares of company stock worth $2,435,248 in the last quarter. 0.24% of the stock is currently owned by company insiders.
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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