U.S. Bancorp (USB) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its holdings in U.S. Bancorp (NYSE:USB) by 3.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,773,515 shares of the financial services provider’s stock after selling 56,651 shares during the quarter. Fifth Third Bancorp’s holdings in U.S. Bancorp were worth $93,659,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stelac Advisory Services LLC bought a new stake in U.S. Bancorp during the 3rd quarter worth about $103,000. Integrated Investment Consultants LLC bought a new stake in U.S. Bancorp during the 2nd quarter worth about $135,000. Field & Main Bank raised its holdings in U.S. Bancorp by 49.9% during the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,000 shares during the last quarter. NEXT Financial Group Inc bought a new stake in U.S. Bancorp during the 3rd quarter worth about $181,000. Finally, Polaris Greystone Financial Group LLC bought a new stake in U.S. Bancorp during the 3rd quarter worth about $185,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Shares of USB opened at $52.34 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. U.S. Bancorp has a 52-week low of $48.49 and a 52-week high of $58.50. The company has a market capitalization of $85.01 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.



U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the firm earned $0.88 EPS. U.S. Bancorp’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that U.S. Bancorp will post 4.1 EPS for the current year.

In related news, Chairman Andrew Cecere sold 183,374 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $52.95, for a total value of $9,709,653.30. Following the completion of the transaction, the chairman now directly owns 892,517 shares in the company, valued at approximately $47,258,775.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Omaley sold 10,902 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $53.66, for a total value of $585,001.32. Following the completion of the transaction, the director now owns 212,789 shares of the company’s stock, valued at $11,418,257.74. The disclosure for this sale can be found here. Insiders sold a total of 253,073 shares of company stock valued at $13,383,882 over the last quarter. 0.43% of the stock is owned by insiders.

Several brokerages have weighed in on USB. ValuEngine raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Citigroup lowered U.S. Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and boosted 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.61.

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About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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