Independent Advisor Alliance Has $865,000 Holdings in U.S. Bancorp (USB)

Independent Advisor Alliance lessened its position in shares of U.S. Bancorp (NYSE:USB) by 3.9% in the 1st quarter, HoldingsChannel reports. The fund owned 17,947 shares of the financial services provider’s stock after selling 729 shares during the period. Independent Advisor Alliance’s holdings in U.S. Bancorp were worth $865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WESPAC Advisors SoCal LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth $27,000. Executive Wealth Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth $27,000. Gantzert Investment Co. LLC ADV acquired a new stake in U.S. Bancorp during the 4th quarter worth $32,000. ERTS Wealth Advisors LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth $36,000. Finally, Catamount Wealth Management boosted its stake in U.S. Bancorp by 525.0% during the 1st quarter. Catamount Wealth Management now owns 750 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 630 shares during the period. Institutional investors own 74.92% of the company’s stock.

USB has been the subject of a number of recent research reports. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. 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 research note on Tuesday, March 26th. Finally, Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, January 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.33.

Shares of U.S. Bancorp stock opened at $51.85 on Thursday. The firm has a market cap of $82.63 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.73 and a beta of 1.10. 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 one year low of $43.14 and a one year high of $55.56.

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

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 12,564 shares of the company’s 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 transaction, the insider now owns 39,330 shares in the company, valued at approximately $2,026,674.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,233 shares of company stock valued at $1,907,734. 0.24% of the stock is owned by insiders.

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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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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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