Sumitomo Mitsui Asset Management Company LTD Has $5.16 Million Holdings in U.S. Bancorp (USB)

Sumitomo Mitsui Asset Management Company LTD lifted its stake in U.S. Bancorp (NYSE:USB) by 2.5% in the 1st quarter, Holdings Channel reports. The firm owned 107,005 shares of the financial services provider’s stock after acquiring an additional 2,655 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in U.S. Bancorp were worth $5,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. WESPAC Advisors SoCal LLC acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $27,000. Executive Wealth Management LLC acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $27,000. Gantzert Investment Co. LLC ADV acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $32,000. ERTS Wealth Advisors LLC acquired a new position in U.S. Bancorp in the 4th quarter worth approximately $36,000. Finally, Catamount Wealth Management increased its holdings in U.S. Bancorp by 525.0% in the 1st quarter. Catamount Wealth Management now owns 750 shares of the financial services provider’s stock worth $36,000 after buying an additional 630 shares during the period. 75.98% of the stock is owned by hedge funds and other institutional investors.

In other news, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total transaction of $248,110.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Leslie V. Godridge sold 12,564 shares of U.S. Bancorp stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $51.53, for a total transaction of $647,422.92. Following the completion of the sale, the insider now directly owns 39,330 shares in the company, valued at approximately $2,026,674.90. The disclosure for this sale can be found here. Insiders have sold a total of 37,233 shares of company stock worth $1,907,734 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Oppenheimer increased their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. U.S. Bancorp presently has a consensus rating of “Hold” and a consensus target price of $58.33.

Shares of NYSE USB traded down $0.30 during midday trading on Wednesday, reaching $51.60. 88,619 shares of the stock were exchanged, compared to its average volume of 6,338,893. The stock has a market capitalization of $82.42 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.72 and a beta of 1.10. U.S. Bancorp has a twelve month low of $43.14 and a twelve month high of $55.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.84 and a quick ratio of 0.83.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.62 billion. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.96 EPS. Analysts anticipate that U.S. Bancorp will post 4.29 earnings per share for the current fiscal year.

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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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