U.S. Bancorp (NYSE:USB) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 80,227 shares of the financial services provider’s stock after selling 384 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in U.S. Bancorp were worth $3,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at approximately $26,000. FPC Investment Advisory Inc. acquired a new stake in U.S. Bancorp during the 4th quarter worth about $28,000. Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at about $30,000. Picton Mahoney Asset Management acquired a new stake in shares of U.S. Bancorp in the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at $31,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Down 2.3%

NYSE USB opened at $44.21 on Thursday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $41.46 and a 200-day moving average of $45.26. The company has a market cap of $68.87 billion, a PE ratio of 11.66, a PEG ratio of 1.73 and a beta of 0.99.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same quarter last year, the firm posted $0.78 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on USB shares. Cowen began coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a “buy” rating on the stock. TD Cowen assumed coverage on U.S. Bancorp in a report on Thursday, May 15th. They set a “buy” rating and a $60.00 price objective on the stock. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Thursday, April 3rd. Citigroup lowered their price target on shares of U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Raymond James reaffirmed an “outperform” rating and set a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

Insider Buying and Selling

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of the company’s stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $559,800. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.