Clarkston Capital Partners LLC Has $35.50 Million Position in U.S. Bancorp $USB

Clarkston Capital Partners LLC lowered its holdings in U.S. Bancorp (NYSE:USB) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 665,273 shares of the financial services provider’s stock after selling 16,354 shares during the quarter. Clarkston Capital Partners LLC’s holdings in U.S. Bancorp were worth $35,499,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $25,000. Financial Life Planners acquired a new stake in U.S. Bancorp in the 3rd quarter valued at $25,000. Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares during the period. JPL Wealth Management LLC acquired a new stake in U.S. Bancorp in the 3rd quarter valued at $28,000. Finally, Westfuller Advisors LLC grew its position in U.S. Bancorp by 54.7% in the 4th quarter. Westfuller Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on USB. 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. Oppenheimer lifted their price target on shares of U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Piper Sandler reaffirmed a “buy” rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Morgan Stanley set a $64.00 price objective on shares of U.S. Bancorp in a report on Friday, April 17th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $60.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.20.

Insiders Place Their Bets

In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a document filed 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 on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the sale, the insider owned 207,251 shares in the company, valued at $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

USB opened at $58.90 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $91.37 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.04 and a beta of 0.97. The firm’s fifty day moving average price is $55.25 and its two-hundred day moving average price is $54.53. U.S. Bancorp has a 1 year low of $42.55 and a 1 year high of $61.19.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. As a group, analysts anticipate that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Profile

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.