U.S. Bancorp $USB Holdings Raised by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in shares of U.S. Bancorp (NYSE:USB) by 91.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,077 shares of the financial services provider’s stock after purchasing an additional 15,841 shares during the period. Fox Run Management L.L.C.’s holdings in U.S. Bancorp were worth $1,765,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Cerity Partners LLC lifted its stake in U.S. Bancorp by 17.2% in the 4th quarter. Cerity Partners LLC now owns 1,194,353 shares of the financial services provider’s stock worth $63,731,000 after acquiring an additional 174,943 shares in the last quarter. Franklin Resources Inc. lifted its stake in U.S. Bancorp by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 7,789,798 shares of the financial services provider’s stock worth $415,664,000 after acquiring an additional 127,065 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in U.S. Bancorp by 21.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 680,709 shares of the financial services provider’s stock worth $36,323,000 after acquiring an additional 121,898 shares in the last quarter. Fiera Capital Corp purchased a new stake in U.S. Bancorp in the 4th quarter worth about $220,000. Finally, Bcwm LLC increased its position in U.S. Bancorp by 1.8% in the 4th quarter. Bcwm LLC now owns 114,352 shares of the financial services provider’s stock worth $6,102,000 after purchasing an additional 2,043 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Oppenheimer upped their target price on U.S. Bancorp from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research report on Friday, April 17th. Finally, Barclays upped their target price on U.S. Bancorp from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $55.34 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $85.83 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 1.00 and a beta of 0.97. The business’s 50-day simple moving average is $54.79 and its 200-day simple moving average is $54.29. U.S. Bancorp has a 52 week low of $42.55 and a 52 week high of $61.19.

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

Insider Transactions at U.S. Bancorp

In other news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction dated 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 transaction, the executive vice president 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jodi L. Richard sold 40,000 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares in the company, valued at approximately $11,813,307. This represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company’s stock.

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.