Jones Financial Companies Lllp trimmed its holdings in shares of U.S. Bancorp (NYSE:USB) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,690 shares of the financial services provider’s stock after selling 9,846 shares during the quarter. Jones Financial Companies Lllp’s holdings in U.S. Bancorp were worth $10,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. Virtue Capital Management LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $102,000. Meeder Asset Management Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $106,000. Delpha Capital Management LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $109,000. James Hambro & Partners purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $110,000. Finally, Horan Capital Advisors LLC. purchased a new stake in U.S. Bancorp during the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors own 74.42% of the company’s stock.
In other U.S. Bancorp news, Vice Chairman P.W. Parker sold 98,485 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total transaction of $5,510,235.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig E. Gifford sold 45,890 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total value of $2,540,011.50. The disclosure for this sale can be found here. Insiders sold a total of 168,016 shares of company stock valued at $9,356,775 in the last ninety days. 0.43% of the stock is currently owned by insiders.
U.S. Bancorp (NYSE:USB) opened at $54.15 on Wednesday. The firm has a market capitalization of $90,871.13, a PE ratio of 16.04, a P/E/G ratio of 1.81 and a beta of 0.89. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $58.50. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. U.S. Bancorp’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 EPS. analysts forecast that U.S. Bancorp will post 4.05 earnings per share for the current fiscal year.
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About U.S. Bancorp
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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