Equity Investment Corp lessened its position in shares of U.S. Bancorp (NYSE:USB – Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,249,160 shares of the financial services provider’s stock after selling 43,568 shares during the period. U.S. Bancorp comprises 3.5% of Equity Investment Corp’s portfolio, making the stock its 4th largest position. Equity Investment Corp’s holdings in U.S. Bancorp were worth $173,375,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at approximately $28,000. Westfuller Advisors LLC increased its position in U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 215 shares during the period. Finally, Binnacle Investments Inc increased its position in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 273 shares during the period. Institutional investors own 77.60% of the company’s stock.
U.S. Bancorp Stock Performance
USB opened at $57.66 on Friday. The firm has a market cap of $89.44 billion, a PE ratio of 12.09, a P/E/G ratio of 1.02 and a beta of 0.97. The business has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $54.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19.
Insider Buying and Selling at U.S. Bancorp
In other news, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
USB has been the topic of several research analyst reports. Barclays lifted their price target on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. lowered their price target on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 price target on shares of U.S. Bancorp in a research report on Thursday, April 16th. Oppenheimer lifted their price target on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.
View Our Latest Analysis on USB
U.S. Bancorp Profile
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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