Flippin Bruce & Porter Inc. Has $12.21 Million Stake in U.S. Bancorp (USB)

Flippin Bruce & Porter Inc. lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.6% during the 1st quarter, Holdings Channel reports. The firm owned 253,330 shares of the financial services provider’s stock after buying an additional 6,392 shares during the period. U.S. Bancorp makes up approximately 2.2% of Flippin Bruce & Porter Inc.’s portfolio, making the stock its 11th largest position. Flippin Bruce & Porter Inc.’s holdings in U.S. Bancorp were worth $12,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Executive Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $27,000. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $27,000. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp in the 4th quarter valued at $32,000. ERTS Wealth Advisors LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $36,000. Finally, New Potomac Partners LLC acquired a new position in U.S. Bancorp in the 1st quarter valued at $37,000. Institutional investors own 75.98% of the company’s stock.

A number of research analysts recently issued reports on USB shares. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Oppenheimer raised their target price on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird lowered shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Monday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus price target of $58.33.

In other U.S. Bancorp news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total value of $248,110.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $51.53, for a total transaction of $647,422.92. Following the transaction, the insider now directly owns 39,330 shares of the company’s stock, valued at $2,026,674.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,233 shares of company stock valued at $1,907,734. Insiders own 0.24% of the company’s stock.

Shares of U.S. Bancorp stock opened at $51.05 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $55.56. The firm has a market capitalization of $80.89 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 1.69 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that U.S. Bancorp will post 4.29 earnings per share for the current fiscal year.

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U.S. Bancorp Company Profile

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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