Rehmann Capital Advisory Group Has $1.51 Million Holdings in U.S. Bancorp (USB)
Rehmann Capital Advisory Group decreased its position in U.S. Bancorp (NYSE:USB) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,115 shares of the financial services provider’s stock after selling 1,191 shares during the quarter. Rehmann Capital Advisory Group’s holdings in U.S. Bancorp were worth $1,507,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in USB. Stelac Advisory Services LLC bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $103,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp during the 2nd quarter valued at about $109,000. Pathstone Family Office LLC boosted its stake in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares in the last quarter. Hudock Capital Group LLC boosted its stake in shares of U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares in the last quarter. Finally, Sky Investment Group LLC bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
U.S. Bancorp (NYSE USB) opened at $54.78 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79. The stock has a market cap of $90,910.00, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. U.S. Bancorp has a twelve month low of $49.53 and a twelve month high of $56.61.
A number of equities research analysts have recently weighed in on the stock. UBS lowered shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. J P Morgan Chase & Co cut their target price on shares of U.S. Bancorp from $55.50 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and set a $62.00 target price on shares of U.S. Bancorp in a research note on Thursday, October 12th. Finally, Citigroup reaffirmed a “neutral” rating and set a $58.00 target price (up previously from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.56.
COPYRIGHT VIOLATION WARNING: “Rehmann Capital Advisory Group Has $1.51 Million Holdings in U.S. Bancorp (USB)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/rehmann-capital-advisory-group-has-1-51-million-holdings-in-u-s-bancorp-usb/1772467.html.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB).
Receive News & Ratings for U.S. Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.