Hedge Funds Are Buying U.S. Bancorp (USB)

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U.S. Bancorp (NYSE:USB) has seen a boost in hedge fund ownership of late. Check out the details.

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Furthermore, it’s important to analyze the newest info about U.S. Bancorp (NYSE:USB).

What have hedge funds been doing with U.S. Bancorp (NYSE:USB)?

At Q2’s end, a total of 48 of the hedge funds we track were long in this stock, a change of 12% from one quarter earlier. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were upping their holdings considerably.

U.S. Bancorp (NYSE:USB)Out of the hedge funds we follow, Berkshire Hathaway, managed by Warren Buffett, holds the biggest position in U.S. Bancorp (NYSE:USB). Berkshire Hathaway has a $2.8297 billion position in the stock, comprising 3.2% of its 13F portfolio. Sitting at the No. 2 spot is Yacktman Asset Management, managed by Donald Yacktman, which held a $462 million position; the fund has 2.2% of its 13F portfolio invested in the stock. Other peers that hold long positions include Matt McLennan’s First Eagle Investment Management, Ken Griffin’s Citadel Investment Group and Natixis Global Asset Management’s Harris Associates.

Consequently, certain money managers were breaking ground themselves. Berkshire Hathaway, managed by Warren Buffett, assembled the most outsized position in U.S. Bancorp (NYSE:USB). Berkshire Hathaway had 2.8297 billion invested in the company at the end of the quarter. Donald Yacktman’s Yacktman Asset Management also made a $462 million investment in the stock during the quarter. The other funds with new positions in the stock are Matt McLennan’s First Eagle Investment Management, Ken Griffin’s Citadel Investment Group, and Phill Gross and Robert Atchinson’s Adage Capital Management.

What do corporate executives and insiders think about U.S. Bancorp (NYSE:USB)?

Bullish insider trading is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the last half-year time frame, U.S. Bancorp (NYSE:USB) has experienced zero unique insiders purchasing, and 17 insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to U.S. Bancorp (NYSE:USB). These stocks are Associated Banc Corp (NASDAQ:ASBC), TFS Financial Corporation (NASDAQ:TFSL), Huntington Bancshares Incorporated (NASDAQ:HBAN), Comerica Incorporated (NYSE:CMA), and Fifth Third Bancorp (NASDAQ:FITB). This group of stocks belong to the regional – midwest banks industry and their market caps match USB’s market cap.

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