Entropy Technologies LP Sells 16,159 Shares of U.S. Bancorp $USB

Entropy Technologies LP lowered its holdings in shares of U.S. Bancorp (NYSE:USB) by 22.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,511 shares of the financial services provider’s stock after selling 16,159 shares during the period. Entropy Technologies LP’s holdings in U.S. Bancorp were worth $2,909,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Life Planners purchased a new stake in U.S. Bancorp during the 3rd quarter valued at $25,000. Clayton Financial Group LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in U.S. Bancorp during the 3rd quarter valued at $28,000. Binnacle Investments Inc boosted its position in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares during the period. Finally, Rossby Financial LCC boosted its position in U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after buying an additional 212 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Activity

In related news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at approximately $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Jefferies Financial Group reissued a “hold” rating and set a $60.00 price target on shares of U.S. Bancorp in a research report on Thursday, April 16th. DA Davidson reaffirmed a “buy” rating and issued a $65.00 target price on shares of U.S. Bancorp in a research report on Friday, April 17th. Royal Bank Of Canada raised their target price on shares of U.S. Bancorp from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Oppenheimer raised their target price on shares of U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $61.20.

U.S. Bancorp Trading Down 0.1%

NYSE:USB opened at $58.90 on Monday. The company has a 50-day moving average price of $55.25 and a 200-day moving average price of $54.58. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market cap of $91.37 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.07 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 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company posted $1.03 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 5.07 EPS for the current year.

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.