California State Teachers Retirement System lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,774,443 shares of the financial services provider’s stock after selling 20,533 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of U.S. Bancorp worth $148,655,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of USB. Virtue Capital Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $102,000. Meeder Asset Management Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $106,000. Phocas Financial Corp. bought a new stake in shares of U.S. Bancorp in the second quarter worth $109,000. Delpha Capital Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $109,000. Finally, James Hambro & Partners bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $110,000. 74.42% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Vice Chairman P.W. Parker sold 98,485 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $55.95, for a total transaction of $5,510,235.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Craig E. Gifford sold 45,890 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total transaction of $2,540,011.50. The disclosure for this sale can be found here. Insiders have sold 168,016 shares of company stock worth $9,356,775 in the last ninety days. Insiders own 0.43% of the company’s stock.
Shares of U.S. Bancorp (USB) opened at $54.15 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.73. The company has a market cap of $89,450.00, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. U.S. Bancorp has a 1 year low of $49.53 and a 1 year high of $58.50.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a net margin of 25.91% and a return on equity of 13.89%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. equities research analysts expect that U.S. Bancorp will post 4.05 EPS for the current fiscal year.
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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.
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