5 Finance & Investment Stocks to Invest in According to Warren Buffett’s Berkshire Hathaway

3. U.S. Bancorp (NYSE:USB)

Berkshire Hathaway’s Stake Value: $7.1 billion

Percentage of Berkshire Hathaway’s 13F Portfolio: 2.14%

Number of Hedge Fund Holders: 46

U.S. Bancorp (NYSE:USB) is an American financial services company headquartered in Minneapolis, Minnesota. It offers several kinds of accounts, lending services, credit card services, lease financing, asset based lending, and agricultural financing. The company also offers investment and insurance products alongside offering fund administration services to mutual and other funds.

By the end of the fourth quarter of last year, Berkshire Hathaway had held a massive $7.1 billion stake in U.S. Bancorp (NYSE:USB) which came through 126 million shares. 46 out of the 924 hedge funds part of Insider Monkey’s Q4 2021 research had also owned a stake in the financial services company.

U.S. Bancorp (NYSE:USB) raked in $5.68 billion in revenue and $1.07 in GAAP EPS for its fiscal Q4, missing analyst estimates for both metrics. Morgan Stanley reduced the bank’s share price target to $66 from $70 in March 2022, as part of a wider downgrade of the banking sector in the aftermath of the ongoing war in Ukraine.

After Berkshire Hathaway, U.S. Bancorp (NYSE:USB)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 9.4 million shares worth $531 million.