Chicago Capital LLC Has $407,000 Position in U.S. Bancorp (NYSE:USB)

Chicago Capital LLC lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,635 shares of the financial services provider’s stock after selling 800 shares during the period. Chicago Capital LLC’s holdings in U.S. Bancorp were worth $407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after acquiring an additional 36,863 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of U.S. Bancorp by 35.8% in the fourth quarter. Vontobel Holding Ltd. now owns 31,153 shares of the financial services provider’s stock valued at $1,490,000 after purchasing an additional 8,214 shares in the last quarter. Principal Securities Inc. raised its position in U.S. Bancorp by 9.0% in the 4th quarter. Principal Securities Inc. now owns 61,719 shares of the financial services provider’s stock worth $2,952,000 after purchasing an additional 5,100 shares during the last quarter. Allworth Financial LP lifted its holdings in U.S. Bancorp by 36.8% during the 4th quarter. Allworth Financial LP now owns 78,621 shares of the financial services provider’s stock worth $3,823,000 after buying an additional 21,148 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in U.S. Bancorp during the 4th quarter worth $971,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on USB shares. Morgan Stanley lowered their target price on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Citigroup lowered their price objective on U.S. Bancorp from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Wolfe Research upgraded shares of U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Thursday, April 3rd. Oppenheimer raised their target price on shares of U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $43.50 price target (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average price target of $50.72.

U.S. Bancorp Price Performance

USB opened at $42.68 on Wednesday. The stock has a market cap of $66.49 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.62 and a beta of 0.99. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $41.95 and a 200 day simple moving average of $44.92.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 13.02% and a net margin of 15.70%. During the same period in the prior year, the company earned $0.78 earnings per share. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

Insider Activity at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. The trade was a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.