Billionaire Ken Griffin is Selling These 5 Stocks

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

Number of Hedge Fund Holders: 41

U.S. Bancorp (NYSE:USB), an American bank holding company, has recently announced to buy TravelBank, a fintech and travel management company. Through this, U.S. Bancorp (NYSE:USB) seeks to enhance the integration of digital payments within its commercial segment.

In Q3, U.S. Bancorp (NYSE:USB) posted a GAAP EPS of $1.30, beating the estimates by $0.14. The company also reported a 4% year-over-year growth in its digital active customers. This October, RBC Capital raised its price target on U.S. Bancorp (NYSE:USB) to $66, with an Overweight rating on the shares, appreciating the company’s strong Q3 results.

At the end of Q2, 41 hedge funds tracked by Insider Monkey reported owning stakes in U.S. Bancorp (NYSE:USB), down from 43 in the previous quarter. The total value of these stakes is over $8.3 billion. Warren Buffett’s Berkshire Hathaway is the leading shareholder of U.S. Bancorp (NYSE:USB) in Q3, holding stakes worth $7.5 billion.