Fifth Third Bancorp Decreases Stock Holdings in U.S. Bancorp (NYSE:USB)

Fifth Third Bancorp cut its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 797,897 shares of the financial services provider's stock after selling 17,197 shares during the period. Fifth Third Bancorp owned 0.05% of U.S. Bancorp worth $33,687,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of U.S. Bancorp by 22.0% during the 4th quarter. Empowered Funds LLC now owns 33,697 shares of the financial services provider's stock worth $1,612,000 after acquiring an additional 6,079 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in U.S. Bancorp by 11.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 31,190 shares of the financial services provider's stock valued at $1,492,000 after purchasing an additional 3,123 shares in the last quarter. Essex Financial Services Inc. grew its stake in shares of U.S. Bancorp by 5.9% during the 4th quarter. Essex Financial Services Inc. now owns 11,701 shares of the financial services provider's stock valued at $560,000 after acquiring an additional 652 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp in the fourth quarter worth approximately $30,000. 77.60% of the stock is owned by institutional investors.

Insider Activity

In other U.S. Bancorp news, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on USB. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Thursday, April 3rd. Oppenheimer boosted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Raymond James restated an "outperform" rating and set a $51.00 price target (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. TD Cowen started coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price objective on the stock. Finally, Cowen began coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $50.72.

U.S. Bancorp Trading Down 2.8%

Shares of NYSE USB traded down $1.23 during trading hours on Friday, reaching $42.93. The stock had a trading volume of 9,466,826 shares, compared to its average volume of 9,054,223. The firm has a market cap of $66.88 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The business's fifty day moving average price is $41.61 and its two-hundred day moving average price is $45.20.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.