U.S. Bancorp (USB) Shares Sold by Jones Financial Companies Lllp
Jones Financial Companies Lllp cut its position in U.S. Bancorp (NYSE:USB) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,703 shares of the financial services provider’s stock after selling 24,753 shares during the period. Jones Financial Companies Lllp’s holdings in U.S. Bancorp were worth $8,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Clearwater Capital Advisors LLC acquired a new stake in shares of U.S. Bancorp in the first quarter worth approximately $100,000. Horan Capital Management acquired a new stake in shares of U.S. Bancorp in the second quarter worth approximately $109,000. Well Done LLC acquired a new stake in shares of U.S. Bancorp in the first quarter worth approximately $117,000. Integrated Investment Consultants LLC acquired a new stake in shares of U.S. Bancorp in the second quarter worth approximately $135,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of U.S. Bancorp in the first quarter worth approximately $141,000. 74.09% of the stock is currently owned by hedge funds and other institutional investors.
In other U.S. Bancorp news, Vice Chairman John R. Elmore sold 58,924 shares of U.S. Bancorp stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $51.71, for a total value of $3,046,960.04. Following the sale, the insider now owns 98,371 shares in the company, valued at $5,086,764.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by insiders.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. U.S. Bancorp had a return on equity of 14.66% and a net margin of 26.96%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. research analysts predict that U.S. Bancorp will post 4.07 earnings per share for the current year.
USB has been the topic of a number of research analyst reports. ValuEngine lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, May 11th. Wedbush reaffirmed a “neutral” rating on shares of U.S. Bancorp in a research note on Monday, July 23rd. Finally, Susquehanna Bancshares set a $57.00 price target on U.S. Bancorp and gave the stock a “hold” rating in a research note on Monday, April 23rd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.58.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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