First Business Financial Services Inc. Decreases Holdings in U.S. Bancorp (USB)

First Business Financial Services Inc. reduced its stake in U.S. Bancorp (NYSE:USB) by 44.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,533 shares of the financial services provider’s stock after selling 4,370 shares during the period. First Business Financial Services Inc.’s holdings in U.S. Bancorp were worth $267,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Executive Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. WESPAC Advisors SoCal LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $27,000. Gantzert Investment Co. LLC ADV acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $32,000. ERTS Wealth Advisors LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $36,000. Finally, New Potomac Partners LLC acquired a new position in shares of U.S. Bancorp in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 75.98% of the company’s stock.

In related news, Vice Chairman James B. Kelligrew sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.61, for a total transaction of $1,012,200.00. Following the completion of the sale, the insider now owns 49,495 shares of the company’s stock, valued at $2,504,941.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $53.14, for a total transaction of $248,110.66. The disclosure for this sale can be found here. Insiders have sold 37,233 shares of company stock valued at $1,907,734 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

USB opened at $51.05 on Thursday. U.S. Bancorp has a twelve month low of $43.14 and a twelve month high of $55.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market cap of $80.89 billion, a P/E ratio of 12.45, a PEG ratio of 1.69 and a beta of 1.10.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. U.S. Bancorp had a net margin of 27.02% and a return on equity of 15.53%. The business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. U.S. Bancorp’s revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that U.S. Bancorp will post 4.29 EPS for the current fiscal year.

Several research firms recently commented on USB. Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, January 28th. Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Oppenheimer upped their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.33.

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U.S. Bancorp 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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