Commerzbank Aktiengesellschaft FI Sells 211 Shares of U.S. Bancorp (USB)

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Commerzbank Aktiengesellschaft FI reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,001 shares of the financial services provider’s stock after selling 211 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in U.S. Bancorp were worth $11,654,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of U.S. Bancorp by 3.5% in the third quarter. Wells Fargo & Company MN now owns 22,390,287 shares of the financial services provider’s stock worth $1,182,431,000 after purchasing an additional 750,796 shares during the last quarter. Veritable L.P. grew its stake in shares of U.S. Bancorp by 1.9% in the third quarter. Veritable L.P. now owns 130,364 shares of the financial services provider’s stock worth $6,885,000 after purchasing an additional 2,418 shares during the last quarter. Creative Planning grew its stake in shares of U.S. Bancorp by 1.0% in the third quarter. Creative Planning now owns 313,653 shares of the financial services provider’s stock worth $16,564,000 after purchasing an additional 3,100 shares during the last quarter. CI Investments Inc. grew its stake in shares of U.S. Bancorp by 2.3% in the third quarter. CI Investments Inc. now owns 915,600 shares of the financial services provider’s stock worth $48,353,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of U.S. Bancorp by 0.9% in the fourth quarter. Moody National Bank Trust Division now owns 283,151 shares of the financial services provider’s stock worth $12,940,000 after purchasing an additional 2,653 shares during the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of USB opened at $51.31 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a one year low of $43.14 and a one year high of $56.10. The stock has a market capitalization of $82.92 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.67 and a beta of 1.08.

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

In other U.S. Bancorp news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 61,737 shares in the company, valued at $3,179,455.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Several analysts recently issued reports on USB shares. Barclays raised their target price on U.S. Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Standpoint Research cut U.S. Bancorp from a “buy” rating to a “hold” rating and raised their target price for the stock from $54.16 to $63.00 in a research note on Monday, November 26th. They noted that the move was a valuation call. Jefferies Financial Group cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Citigroup cut U.S. Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, November 2nd. Finally, Deutsche Bank cut U.S. Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.00.

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U.S. Bancorp Profile

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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