Haverford Financial Services Inc. Has $1.39 Million Stake in U.S. Bancorp (USB)

Haverford Financial Services Inc. decreased its position in U.S. Bancorp (NYSE:USB) by 78.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,478 shares of the financial services provider’s stock after selling 110,789 shares during the period. Haverford Financial Services Inc.’s holdings in U.S. Bancorp were worth $1,393,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. King Luther Capital Management Corp boosted its holdings in U.S. Bancorp by 1.9% during the fourth quarter. King Luther Capital Management Corp now owns 2,911,529 shares of the financial services provider’s stock worth $133,057,000 after buying an additional 53,316 shares in the last quarter. NumerixS Investment Technologies Inc boosted its holdings in U.S. Bancorp by 53.1% during the fourth quarter. NumerixS Investment Technologies Inc now owns 47,054 shares of the financial services provider’s stock worth $2,127,000 after buying an additional 16,313 shares in the last quarter. Employees Retirement System of Texas boosted its holdings in U.S. Bancorp by 18.2% during the fourth quarter. Employees Retirement System of Texas now owns 399,762 shares of the financial services provider’s stock worth $18,269,000 after buying an additional 61,500 shares in the last quarter. Fiera Capital Corp boosted its holdings in U.S. Bancorp by 0.5% during the fourth quarter. Fiera Capital Corp now owns 8,735,569 shares of the financial services provider’s stock worth $399,216,000 after buying an additional 41,996 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in U.S. Bancorp by 2.9% during the fourth quarter. Northern Trust Corp now owns 20,129,830 shares of the financial services provider’s stock worth $919,933,000 after buying an additional 561,261 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE USB opened at $51.71 on Friday. U.S. Bancorp has a 12-month low of $43.14 and a 12-month high of $55.56. The stock has a market capitalization of $81.69 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, equities analysts predict that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

A number of research firms recently commented on USB. Zacks Investment Research reissued a “hold” rating on shares of U.S. Bancorp in a report on Monday, December 31st. Jefferies Financial Group downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Standpoint Research downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $54.16 to $63.00 in a report on Monday, November 26th. They noted that the move was a valuation call. Barclays boosted their price objective on shares of U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 2nd. Finally, Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. U.S. Bancorp has an average rating of “Hold” and a consensus price target of $58.00.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $51.50, for a total value of $758,955.50. Following the completion of the transaction, the insider now owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

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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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