Bessemer Group Inc. Sells 388,414 Shares of U.S. Bancorp (USB)

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Bessemer Group Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,520,369 shares of the financial services provider’s stock after selling 388,414 shares during the quarter. Bessemer Group Inc.’s holdings in U.S. Bancorp were worth $206,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of U.S. Bancorp by 4.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 283,122 shares of the financial services provider’s stock valued at $12,939,000 after buying an additional 12,438 shares in the last quarter. Resources Investment Advisors Inc. grew its stake in shares of U.S. Bancorp by 10.6% in the 4th quarter. Resources Investment Advisors Inc. now owns 16,734 shares of the financial services provider’s stock valued at $764,000 after buying an additional 1,604 shares in the last quarter. Atlanta Capital Management Co. L L C grew its stake in shares of U.S. Bancorp by 6.6% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,394,738 shares of the financial services provider’s stock valued at $63,740,000 after buying an additional 86,753 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of U.S. Bancorp by 1.9% in the 4th quarter. King Luther Capital Management Corp now owns 2,911,529 shares of the financial services provider’s stock valued at $133,057,000 after buying an additional 53,316 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in shares of U.S. Bancorp by 53.1% in the 4th quarter. NumerixS Investment Technologies Inc now owns 47,054 shares of the financial services provider’s stock valued at $2,127,000 after buying an additional 16,313 shares in the last quarter. 74.18% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the sale, the insider now directly owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Shares of U.S. Bancorp stock opened at $51.71 on Friday. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $55.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $81.69 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.68 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the prior year, the business earned $0.88 earnings per share. U.S. Bancorp’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts predict that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

USB has been the subject of a number of recent analyst reports. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Monday, December 10th. Deutsche Bank cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Standpoint Research cut U.S. Bancorp from a “buy” rating to a “hold” rating and upped their target price for the stock from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Robert W. Baird cut U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $58.00.

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About U.S. Bancorp

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

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