Caldwell Sutter Capital Inc. Trims Stake in U.S. Bancorp (NYSE:USB)

Caldwell Sutter Capital Inc. lowered its position in U.S. Bancorp (NYSE:USB) by 5.1% in the 1st quarter, Holdings Channel reports. The firm owned 10,433 shares of the financial services provider’s stock after selling 564 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in U.S. Bancorp were worth $440,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp in the 4th quarter worth about $26,000. FPC Investment Advisory Inc. bought a new position in U.S. Bancorp in the 4th quarter worth about $28,000. Stonebridge Financial Group LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. Picton Mahoney Asset Management bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wolfe Research raised U.S. Bancorp from a “peer perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Thursday, April 3rd. Piper Sandler dropped their price target on U.S. Bancorp from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. DA Davidson decreased their price objective on U.S. Bancorp from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. Finally, Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.72.

U.S. Bancorp Trading Down 2.8%

NYSE:USB opened at $42.93 on Friday. The stock has a market capitalization of $66.88 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.73 and a beta of 0.99. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $41.74 and a 200 day moving average of $45.12.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were acquired at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $559,800. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp 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.