Teza Capital Management LLC Cuts Position in U.S. Bancorp (NYSE:USB)

Teza Capital Management LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 75.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,808 shares of the financial services provider’s stock after selling 48,137 shares during the quarter. Teza Capital Management LLC’s holdings in U.S. Bancorp were worth $762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of USB. Advisors Asset Management Inc. boosted its holdings in U.S. Bancorp by 5.7% during the 4th quarter. Advisors Asset Management Inc. now owns 96,212 shares of the financial services provider’s stock valued at $4,397,000 after acquiring an additional 5,168 shares during the period. Pegasus Partners Ltd. boosted its holdings in U.S. Bancorp by 13.3% during the 4th quarter. Pegasus Partners Ltd. now owns 46,620 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 5,468 shares during the period. Brightworth boosted its holdings in U.S. Bancorp by 0.8% during the 4th quarter. Brightworth now owns 112,900 shares of the financial services provider’s stock valued at $5,160,000 after acquiring an additional 927 shares during the period. Financial Counselors Inc. boosted its holdings in U.S. Bancorp by 6.4% during the 4th quarter. Financial Counselors Inc. now owns 143,982 shares of the financial services provider’s stock valued at $6,580,000 after acquiring an additional 8,619 shares during the period. Finally, Providence Capital Advisors LLC boosted its holdings in U.S. Bancorp by 2.9% during the 4th quarter. Providence Capital Advisors LLC now owns 41,479 shares of the financial services provider’s stock valued at $1,896,000 after acquiring an additional 1,153 shares during the period. 74.66% of the stock is currently owned by institutional investors and hedge funds.

USB stock traded down $0.53 during mid-day trading on Wednesday, reaching $52.65. The company had a trading volume of 1,385,148 shares, compared to its average volume of 6,179,586. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.84 and a quick ratio of 0.83. The firm has a market capitalization of $83.85 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.75 and a beta of 1.08. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $55.56.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.62 billion. U.S. Bancorp had a return on equity of 15.53% and a net margin of 27.02%. U.S. Bancorp’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. On average, analysts expect that U.S. Bancorp will post 4.29 EPS for the current year.

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 12,564 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $51.53, for a total value of $647,422.92. Following the sale, the insider now owns 39,330 shares of the company’s stock, valued at approximately $2,026,674.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $53.14, for a total value of $248,110.66. The disclosure for this sale can be found here. Insiders sold a total of 37,233 shares of company stock worth $1,907,734 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on USB shares. Oppenheimer raised their target price on U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.33.

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U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. It operates in 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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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