APG Asset Management Trims U.S. Bancorp Stake

NodeGuardian · 2026-03-20T20:42:35+00:00

APG Asset Management N.V. decreased its U.S. Bancorp holdings by 15.2%, selling 234,658 shares, indicating a cautious outlook on the financial services sector, though the reasons for this are unspecified.

NodeGuardian

2026-03-20 20:42:35

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APG Asset Management N.V. reduced its holdings in U.S. Bancorp (NYSE:USB) by 15.2% during the third quarter, selling 234,658 shares. This divestment suggests a potentially more cautious outlook by the institutional investor on the financial services sector or the bank’s future, though specific reasons remain unclear without further details. The firm now owns approximately 0.08% of U.S. Bancorp.

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