Twin Tree Management LP acquired a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 22,754 shares of the financial services provider’s stock, valued at approximately $1,219,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in USB. Meeder Asset Management Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $106,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp during the 2nd quarter worth about $109,000. Horan Capital Advisors LLC. bought a new stake in shares of U.S. Bancorp during the 3rd quarter worth about $112,000. Cerebellum GP LLC bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $123,000. Finally, Pathstone Family Office LLC boosted its holdings in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after buying an additional 386 shares during the period. 72.80% of the stock is owned by institutional investors.
Several analysts recently commented on USB shares. Jefferies Group reaffirmed a “buy” rating and set a $63.00 target price on shares of U.S. Bancorp in a report on Monday, January 8th. Vining Sparks reaffirmed a “buy” rating and set a $64.00 target price on shares of U.S. Bancorp in a report on Monday, January 8th. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Friday, February 2nd. Deutsche Bank raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $63.00 in a report on Thursday, January 25th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $58.13.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. equities research analysts expect that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.
In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total value of $5,510,235.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.39% of the company’s stock.
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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