Fox Run Management L.L.C. Has $1.77 Million Stock Position in U.S. Bancorp $USB

Fox Run Management L.L.C. raised its holdings in U.S. Bancorp (NYSE:USB) by 91.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,077 shares of the financial services provider’s stock after acquiring an additional 15,841 shares during the period. Fox Run Management L.L.C.’s holdings in U.S. Bancorp were worth $1,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $28,000. Westfuller Advisors LLC grew its holdings in U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares during the last quarter. Finally, Binnacle Investments Inc grew its holdings in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USB. Barclays lifted their price objective on U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Piper Sandler reissued a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Jefferies Financial Group reissued a “hold” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 16th. Truist Financial decreased their price objective on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $55.34 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $85.83 billion, a PE ratio of 11.60, a PEG ratio of 1.00 and a beta of 0.97. U.S. Bancorp has a 1-year low of $42.55 and a 1-year high of $61.19. The business’s 50 day moving average is $54.79 and its 200-day moving average is $54.29.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. Sell-side analysts predict that U.S. Bancorp will post 5.09 earnings per share for the current year.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by insiders.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.