Trade Report: Today, Bank of New York Mellon Corp invests in U.S. Bancorp (USB) Shares

Today, Bank of New York Mellon Corp invests in U.S. Bancorp (USB) Shares

Bank of New York Mellon Corp increased its stake in shares of U.S. Bancorp (NYSE:USB) by 0.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,764,899 shares of the financial services provider’s stock after buying an additional 63,302 shares during the period. Bank of New York Mellon Corp owned approximately 0.92% of U.S. Bancorp worth $676,158,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC raised its stake in U.S. Bancorp by 13.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,606 shares of the financial services provider’s stock valued at $105,000 after buying an additional 306 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in U.S. Bancorp during the second quarter valued at about $106,000. First Personal Financial Services raised its stake in U.S. Bancorp by 40.7% in the second quarter. First Personal Financial Services now owns 2,784 shares of the financial services provider’s stock valued at $112,000 after buying an additional 806 shares in the last quarter. Bellwether Investment Group LLC purchased a new stake in U.S. Bancorp during the second quarter valued at about $116,000. Finally, Adirondack Trust Co. raised its stake in U.S. Bancorp by 25.9% in the third quarter. Adirondack Trust Co. now owns 3,625 shares of the financial services provider’s stock valued at $155,000 after buying an additional 745 shares in the last quarter. Institutional investors and hedge funds own 72.66% of the company’s stock.

Shares of U.S. Bancorp (NYSE:USB) traded up 0.14% during trading on Friday, hitting $49.42. The stock had a trading volume of 2,631,496 shares. The stock has a market cap of $84.00 billion, a price-to-earnings ratio of 15.30 and a beta of 0.80. U.S. Bancorp has a 12 month low of $37.07 and a 12 month high of $49.57. The company’s 50 day moving average price is $45.28 and its 200 day moving average price is $42.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.35 billion. U.S. Bancorp had a net margin of 26.24% and a return on equity of 13.92%. U.S. Bancorp’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Equities research analysts expect that U.S. Bancorp will post $3.24 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on USB shares. Morgan Stanley lowered shares of U.S. Bancorp from an “equal weight” rating to an “underweight” rating and set a $49.00 target price for the company. in a report on Monday, November 14th. They noted that the move was a valuation call. Wells Fargo & Co. reissued a “buy” rating on shares of U.S. Bancorp in a report on Friday, September 16th. Piper Jaffray Cos. lowered shares of U.S. Bancorp from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Wednesday, November 16th. Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Wedbush started coverage on shares of U.S. Bancorp in a report on Thursday, October 6th. They issued a “neutral” rating and a $46.00 target price for the company. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $45.47.

In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $43.83, for a total value of $1,753,200.00. Following the transaction, the insider now directly owns 113,723 shares in the company, valued at approximately $4,984,479.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Terrance R. Dolan sold 55,205 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $47.67, for a total transaction of $2,631,622.35. Following the completion of the transaction, the insider now owns 90,188 shares in the company, valued at $4,299,261.96. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

U.S. Bancorp Company Profile

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