Trade Report: The Bristol John W & Co. Inc. NY Reached $77,565,000 position of U.S. Bancorp (USB)

The Bristol John W & Co. Inc. NY Reached $77,565,000 position  of U.S. Bancorp (USB)

Bristol John W & Co. Inc. NY cut its stake in shares of U.S. Bancorp (NYSE:USB) by 3.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,808,469 shares of the financial services provider’s stock after selling 60,419 shares during the period. U.S. Bancorp accounts for 2.1% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 14th largest position. Bristol John W & Co. Inc. NY’s holdings in U.S. Bancorp were worth $77,565,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of USB. NEXT Financial Group Inc raised its position in U.S. Bancorp by 86.7% in the second quarter. NEXT Financial Group Inc now owns 7,238 shares of the financial services provider’s stock valued at $291,000 after buying an additional 3,362 shares during the last quarter. Cohen Lawrence B raised its position in U.S. Bancorp by 8.0% in the second quarter. Cohen Lawrence B now owns 105,813 shares of the financial services provider’s stock valued at $4,267,000 after buying an additional 7,870 shares during the last quarter. Moreno Evelyn V raised its position in U.S. Bancorp by 717.1% in the second quarter. Moreno Evelyn V now owns 101,530 shares of the financial services provider’s stock valued at $4,095,000 after buying an additional 89,105 shares during the last quarter. Rosenbaum Jay D. raised its position in U.S. Bancorp by 13.2% in the second quarter. Rosenbaum Jay D. now owns 21,490 shares of the financial services provider’s stock valued at $867,000 after buying an additional 2,500 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in U.S. Bancorp by 2.3% in the second quarter. Raymond James Trust N.A. now owns 53,428 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 1,207 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, reaching $49.42. The company’s stock had a trading volume of 2,631,496 shares. The stock has a market cap of $84.00 billion, a P/E ratio of 15.30 and a beta of 0.80. The stock has a 50-day moving average of $45.49 and a 200-day moving average of $43.03. U.S. Bancorp has a 52-week low of $37.07 and a 52-week high of $49.57.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. The firm earned $5.39 billion during the quarter, compared to the consensus estimate of $5.35 billion. U.S. Bancorp had a return on equity of 13.92% and a net margin of 26.24%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. Analysts predict that U.S. Bancorp will post $3.24 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the company. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of U.S. Bancorp in a research report on Saturday, September 17th. Jefferies Group reaffirmed a “hold” rating and set a $44.00 price target on shares of U.S. Bancorp in a research report on Wednesday, August 10th. raised their price target on U.S. Bancorp from $43.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. RBC Capital Markets reaffirmed an “outperform” rating and set a $48.00 price target (up previously from $47.00) on shares of U.S. Bancorp in a research report on Saturday, October 22nd. Finally, Portales Partners raised U.S. Bancorp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company’s stock. U.S. Bancorp currently has an average rating of “Hold” and a consensus target price of $45.47.

In other news, Vice Chairman Terrance R. Dolan sold 55,205 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $47.67, for a total value of $2,631,622.35. Following the completion of the transaction, the insider now directly owns 90,188 shares of the company’s stock, valued at $4,299,261.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Cecere sold 416,219 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $44.85, for a total value of $18,667,422.15. Following the completion of the transaction, the insider now directly owns 633,704 shares of the company’s stock, valued at $28,421,624.40. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company’s banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services.

Related posts

Leave a Comment