Oregon Public Employees Retirement Fund trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 4.5% in the first quarter, HoldingsChannel reports. The firm owned 159,305 shares of the financial services provider’s stock after selling 7,424 shares during the period. Oregon Public Employees Retirement Fund’s holdings in U.S. Bancorp were worth $7,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Trustcore Financial Services LLC bought a new position in U.S. Bancorp during the 1st quarter valued at $28,000. Executive Wealth Management LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $27,000. WESPAC Advisors SoCal LLC bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $27,000. Gantzert Investment Co. LLC ADV bought a new position in shares of U.S. Bancorp in the 4th quarter worth about $32,000. Finally, Catamount Wealth Management lifted its position in shares of U.S. Bancorp by 525.0% in the 1st quarter. Catamount Wealth Management now owns 750 shares of the financial services provider’s stock worth $36,000 after buying an additional 630 shares during the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on USB shares. 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 report on Monday, January 28th. Oppenheimer raised their price target on shares of U.S. Bancorp from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Zacks Investment Research downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $58.33.

Shares of NYSE:USB opened at $51.17 on Friday. The stock has a market capitalization of $82.63 billion, a P/E ratio of 12.48, a PEG ratio of 1.73 and a beta of 1.10. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $55.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.84.

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

In other U.S. Bancorp news, Vice Chairman James B. Kelligrew sold 20,000 shares of the firm’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 transaction, the insider now owns 49,495 shares of the company’s stock, valued at approximately $2,504,941.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Gillern Jeffry H. Von sold 4,669 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were 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. In the last three months, insiders have sold 37,233 shares of company stock worth $1,907,734. 0.24% of the stock is owned by corporate insiders.

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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.

Further Reading: How a Back-End Load Mutual Fund Works

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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