Deutsche Bank AG Sells 293,971 Shares of U.S. Bancorp $USB

Deutsche Bank AG trimmed its stake in shares of U.S. Bancorp (NYSE:USB) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,991,367 shares of the financial services provider’s stock after selling 293,971 shares during the quarter. Deutsche Bank AG’s holdings in U.S. Bancorp were worth $266,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in USB. Brighton Jones LLC grew its stake in 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 worth $2,309,000 after purchasing an additional 36,863 shares during the period. Empowered Funds LLC grew its stake in U.S. Bancorp by 2.1% during the first quarter. Empowered Funds LLC now owns 34,411 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 714 shares during the period. Intech Investment Management LLC grew its stake in U.S. Bancorp by 18.9% during the first quarter. Intech Investment Management LLC now owns 39,276 shares of the financial services provider’s stock worth $1,658,000 after purchasing an additional 6,252 shares during the period. Sivia Capital Partners LLC acquired a new stake in U.S. Bancorp during the second quarter worth approximately $425,000. Finally, Nebula Research & Development LLC acquired a new stake in U.S. Bancorp during the second quarter worth approximately $701,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling

In other news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Stock Up 1.5%

USB stock opened at $56.86 on Thursday. U.S. Bancorp has a twelve month low of $42.55 and a twelve month high of $61.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $55.01 and its 200-day moving average is $54.43. The firm has a market capitalization of $88.20 billion, a PE ratio of 11.92, a P/E/G ratio of 1.01 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts expect that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on USB. Royal Bank Of Canada raised their target price on U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. DA Davidson reaffirmed a “buy” rating and set a $65.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. Truist Financial decreased their target price on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $61.20.

About U.S. Bancorp

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.