Ensign Peak Advisors Inc Sells 232,969 Shares of U.S. Bancorp (NYSE:USB)

Ensign Peak Advisors Inc decreased its position in U.S. Bancorp (NYSE:USB) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375,730 shares of the financial services provider’s stock after selling 232,969 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.22% of U.S. Bancorp worth $116,295,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Toews Corp ADV bought a new stake in U.S. Bancorp during the first quarter worth $627,000. South Dakota Investment Council increased its position in shares of U.S. Bancorp by 10.0% during the 1st quarter. South Dakota Investment Council now owns 701,173 shares of the financial services provider’s stock valued at $24,155,000 after purchasing an additional 63,627 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of U.S. Bancorp by 3.1% during the 1st quarter. Acadian Asset Management LLC now owns 2,861,483 shares of the financial services provider’s stock valued at $98,576,000 after purchasing an additional 86,191 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its stake in shares of U.S. Bancorp by 8.5% during the 1st quarter. Cape Cod Five Cents Savings Bank now owns 142,219 shares of the financial services provider’s stock worth $4,900,000 after purchasing an additional 11,110 shares during the period. Finally, IFG Advisory LLC boosted its holdings in shares of U.S. Bancorp by 185.7% in the 1st quarter. IFG Advisory LLC now owns 24,198 shares of the financial services provider’s stock worth $833,000 after buying an additional 15,729 shares during the last quarter. Institutional investors own 73.45% of the company’s stock.

Several brokerages have recently issued reports on USB. Deutsche Bank decreased their price target on shares of U.S. Bancorp from $60.00 to $42.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. ValuEngine cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Oppenheimer increased their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Goldman Sachs Group raised shares of U.S. Bancorp from a “sell” rating to a “neutral” rating in a research report on Friday, March 13th. Finally, Wells Fargo & Co cut their price objective on shares of U.S. Bancorp from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. U.S. Bancorp has a consensus rating of “Hold” and an average price target of $48.60.

USB stock traded up $2.57 during midday trading on Tuesday, reaching $35.50. The company had a trading volume of 638,130 shares, compared to its average volume of 8,612,670. The firm has a 50-day moving average price of $34.08 and a 200-day moving average price of $47.97. The company has a market capitalization of $52.77 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.47 and a beta of 1.18. U.S. Bancorp has a 1 year low of $28.36 and a 1 year high of $61.11. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.85.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.14. The business had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.57 billion. U.S. Bancorp had a return on equity of 14.15% and a net margin of 23.37%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 2.22 EPS for the current year.

U.S. Bancorp 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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