Maltese Capital Management LLC Cuts Stock Holdings in U.S. Bancorp $USB

Maltese Capital Management LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 69.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,500 shares of the financial services provider’s stock after selling 196,500 shares during the quarter. Maltese Capital Management LLC’s holdings in U.S. Bancorp were worth $4,669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. OMERS ADMINISTRATION Corp lifted its stake in U.S. Bancorp by 71.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 95,132 shares of the financial services provider’s stock valued at $5,076,000 after acquiring an additional 39,632 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of U.S. Bancorp by 22.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,900 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 350 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of U.S. Bancorp by 2.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 138,124 shares of the financial services provider’s stock valued at $7,370,000 after purchasing an additional 3,779 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in shares of U.S. Bancorp by 13.9% in the fourth quarter. Venture Visionary Partners LLC now owns 20,617 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of U.S. Bancorp by 43.1% during the fourth quarter. Panagora Asset Management Inc. now owns 979,043 shares of the financial services provider’s stock valued at $52,242,000 after purchasing an additional 295,069 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on 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 completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on USB shares. Royal Bank Of Canada upped their price objective 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. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Stephens initiated coverage on shares of U.S. Bancorp in a research note on Monday. They issued an “equal weight” rating and a $63.00 target price for the company. Oppenheimer upped 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 note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.29.

U.S. Bancorp Trading Down 2.0%

Shares of USB stock opened at $57.78 on Tuesday. The company has a market capitalization of $89.63 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97. U.S. Bancorp has a 52-week low of $42.55 and a 52-week high of $61.19. The business’s fifty day moving average is $55.34 and its 200 day moving average is $54.64. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company earned $1.03 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Bancorp will post 5.07 EPS for the current fiscal 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.