Virtu Financial LLC Has $588,000 Stake in U.S. Bancorp (USB)

Virtu Financial LLC reduced its stake in U.S. Bancorp (NYSE:USB) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,139 shares of the financial services provider’s stock after selling 3,562 shares during the period. Virtu Financial LLC’s holdings in U.S. Bancorp were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of U.S. Bancorp by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock valued at $1,182,431,000 after purchasing an additional 750,796 shares during the period. Bank of New York Mellon Corp grew its position in U.S. Bancorp by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 15,961,974 shares of the financial services provider’s stock worth $842,951,000 after acquiring an additional 94,114 shares during the last quarter. US Bancorp DE grew its position in U.S. Bancorp by 4.9% during the 3rd quarter. US Bancorp DE now owns 13,832,398 shares of the financial services provider’s stock worth $730,488,000 after acquiring an additional 644,496 shares during the last quarter. Janus Henderson Group PLC grew its position in U.S. Bancorp by 8.5% during the 2nd quarter. Janus Henderson Group PLC now owns 12,146,468 shares of the financial services provider’s stock worth $607,565,000 after acquiring an additional 946,517 shares during the last quarter. Finally, American Century Companies Inc. grew its position in U.S. Bancorp by 2.4% during the 3rd quarter. American Century Companies Inc. now owns 10,466,740 shares of the financial services provider’s stock worth $552,749,000 after acquiring an additional 245,913 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

NYSE:USB opened at $51.76 on Friday. U.S. Bancorp has a 52-week low of $48.49 and a 52-week high of $58.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $84.59 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.70 and a beta of 0.90.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. On average, analysts expect that U.S. Bancorp will post 4.1 earnings per share for the current year.

A number of research firms recently commented on USB. Zacks Investment Research upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Monday, November 19th. ValuEngine upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Deutsche Bank lowered U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Standpoint Research lowered U.S. Bancorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $54.16 to $63.00 in a research report on Monday, November 26th. They noted that the move was a valuation call. Finally, Macquarie upgraded U.S. Bancorp from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $62.00 in a research report on Wednesday, October 10th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $59.61.

In other news, Director David B. Omaley sold 10,902 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $53.66, for a total value of $585,001.32. Following the transaction, the director now owns 212,789 shares of the company’s stock, valued at approximately $11,418,257.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andrew Cecere sold 183,374 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $52.95, for a total value of $9,709,653.30. Following the completion of the transaction, the chairman now directly owns 892,517 shares in the company, valued at approximately $47,258,775.15. The disclosure for this sale can be found here. In the last three months, insiders sold 253,073 shares of company stock worth $13,383,882. 0.43% of the stock is currently owned by company insiders.

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About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through 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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