Warren Buffett is Buying and Holding These 5 Financial Stocks in 2022

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

Number of Hedge Fund Holders: 46

U.S. Bancorp (NYSE:USB) is a Minnesota-based financial services holding company, operating via Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. U.S. Bancorp (NYSE:USB) has been part of the Berkshire portfolio since Q4 2010. In the first fiscal quarter of 2022, Warren Buffett’s fund held 126.4 million shares of U.S. Bancorp (NYSE:USB), worth $6.7 billion. 

On April 14, U.S. Bancorp (NYSE:USB) reported its Q1 financial results, posting earnings per share of $0.99, beating analysts’ estimates by $0.05. The $5.57 billion revenue outperformed Street forecasts by $19.24 million. 

Oppenheimer analyst Chris Kotowski on May 3 raised the firm’s price target on U.S. Bancorp (NYSE:USB) to $72 from $67 and kept an Outperform rating on the shares, citing loan growth and rising rates as positive catalysts even amid a recessionary environment.

According to Insider Monkey’s Q4 data, 46 funds were bullish on U.S. Bancorp (NYSE:USB), up from 42 funds in the last quarter. At the conclusion of Q1 2022, Jean-Marie Eveillard’s First Eagle Investment Management owned a prominent stake in the company, with 9.5 million shares worth $506.2 million. 

Here is what ClearBridge Investments Dividend Strategy has to say about U.S. Bancorp (NYSE:USB) in its Q4 2021 investor letter:

“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We have increased our exposure to interest-rate sensitive banks by adding to existing positions in U.S. Bancorp.”

You can also take a peek at 10 Biotech Stocks to Buy Today According to Ken Fisher’s Fisher Asset Management and 10 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital. 

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