The Public Sector Pension Investment Board significantly increased its stake in U.S. Bancorp (NYSE:USB) by 207.4% in the third quarter, now owning 985,594 shares valued at $47.63 million. This comes as other institutional investors have also adjusted their positions in the financial services provider, which currently has an average analyst rating of “Moderate Buy.” Insider Mark G. Runkel recently sold over 32,000 shares, decreasing his ownership by nearly 25%.
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U.S. Bancorp $USB Holdings Raised by Public Sector Pension Investment Board
The Public Sector Pension Investment Board significantly increased its stake in U.S. Bancorp (NYSE:USB) by 207.4% in the third quarter, now owning 985,594 shares valued at $47.63 million. This comes as other institutional investors have also adjusted their positions in the financial services provider, which currently has an average analyst rating of “Moderate Buy.” Insider Mark G. Runkel recently sold over 32,000 shares, decreasing his ownership by nearly 25%.