Prudential PLC Decreases Position in U.S. Bancorp (USB)

Prudential PLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,444,289 shares of the financial services provider’s stock after selling 1,415,410 shares during the period. Prudential PLC owned about 0.21% of U.S. Bancorp worth $157,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Veritable L.P. grew its position in shares of U.S. Bancorp by 1.9% in the 3rd quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock worth $6,885,000 after buying an additional 2,418 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in shares of U.S. Bancorp by 0.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 49,316 shares of the financial services provider’s stock worth $2,254,000 after buying an additional 243 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of U.S. Bancorp by 0.9% in the 4th quarter. Moody National Bank Trust Division now owns 283,151 shares of the financial services provider’s stock worth $12,940,000 after buying an additional 2,653 shares during the last quarter. CI Investments Inc. grew its position in shares of U.S. Bancorp by 2.3% in the 3rd quarter. CI Investments Inc. now owns 915,600 shares of the financial services provider’s stock worth $48,353,000 after buying an additional 21,000 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of U.S. Bancorp by 33.8% in the 3rd quarter. Captrust Financial Advisors now owns 78,458 shares of the financial services provider’s stock worth $4,171,000 after buying an additional 19,817 shares during the last quarter. 74.18% of the stock is currently owned by institutional investors.

NYSE USB opened at $52.07 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 0.85. U.S. Bancorp has a twelve month low of $43.14 and a twelve month high of $55.56. The company has a market cap of $81.69 billion, a P/E ratio of 12.70, a PEG ratio of 1.68 and a beta of 1.08.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 15.64% and a net margin of 27.53%. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Research analysts predict that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

In related news, Vice Chairman Leslie V. Godridge sold 14,737 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $51.50, for a total transaction of $758,955.50. Following the sale, the insider now directly owns 61,737 shares in the company, valued at $3,179,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

A number of equities research analysts have recently weighed in on USB shares. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Robert W. Baird lowered U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, January 28th. Barclays lifted their price objective on U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. Finally, Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.00.

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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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