U.S. Bancorp (USB) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its stake in U.S. Bancorp (NYSE:USB) by 1.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,911,529 shares of the financial services provider’s stock after purchasing an additional 53,316 shares during the quarter. U.S. Bancorp makes up 1.2% of King Luther Capital Management Corp’s investment portfolio, making the stock its 29th biggest position. King Luther Capital Management Corp’s holdings in U.S. Bancorp were worth $133,057,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of U.S. Bancorp by 2.9% in the fourth quarter. Northern Trust Corp now owns 20,129,830 shares of the financial services provider’s stock worth $919,933,000 after buying an additional 561,261 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of U.S. Bancorp by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 16,427,901 shares of the financial services provider’s stock worth $750,754,000 after purchasing an additional 465,927 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of U.S. Bancorp by 0.5% during the fourth quarter. Fiera Capital Corp now owns 8,735,569 shares of the financial services provider’s stock worth $399,216,000 after purchasing an additional 41,996 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of U.S. Bancorp by 4,346.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,619,515 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 7,448,158 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of U.S. Bancorp by 14.2% during the third quarter. FIL Ltd now owns 7,543,687 shares of the financial services provider’s stock worth $398,382,000 after purchasing an additional 937,634 shares during the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the sale, the insider now owns 61,737 shares in the company, valued at $3,179,455.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.



Several research analysts recently issued reports on the stock. Zacks Investment Research reissued a “hold” rating on shares of U.S. Bancorp in a report on Monday, December 31st. Barclays raised their target price on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, January 28th. Jefferies Financial Group cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Standpoint Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating and raised their target price for the stock from $54.16 to $63.00 in a report on Monday, November 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.00.

USB stock opened at $51.71 on Friday. The firm has a market cap of $81.69 billion, a P/E ratio of 12.61, a PEG ratio of 1.68 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a one year low of $43.14 and a one year high of $55.56.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts predict that U.S. Bancorp will post 4.35 earnings per share for the current year.

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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.

Further Reading: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).

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

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