Fjell Capital LLC Invests $216,000 in U.S. Bancorp (NYSE:USB)

Fjell Capital LLC bought a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 4,506 shares of the financial services provider’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor OS LLC grew its stake in U.S. Bancorp by 5.5% during the 4th quarter. Advisor OS LLC now owns 6,385 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 332 shares during the last quarter. DMKC Advisory Services LLC acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth about $4,169,000. Lake Street Advisors Group LLC boosted its position in U.S. Bancorp by 7.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 13,192 shares of the financial services provider’s stock valued at $638,000 after buying an additional 896 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in U.S. Bancorp by 24.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 4,000,581 shares of the financial services provider’s stock worth $191,348,000 after buying an additional 789,026 shares during the period. Finally, Vaughan David Investments LLC IL raised its position in U.S. Bancorp by 0.4% during the 4th quarter. Vaughan David Investments LLC IL now owns 813,330 shares of the financial services provider’s stock worth $38,902,000 after buying an additional 3,055 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.8 %

Shares of NYSE USB opened at $45.95 on Wednesday. The firm has a market cap of $71.69 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company’s 50-day simple moving average is $48.00 and its 200-day simple moving average is $47.78. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the firm posted $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on USB shares. Citigroup raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $65.00 in a report on Monday, November 25th. Oppenheimer upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company lifted their price objective on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays upped their target price on U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.21.

Insider Activity at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares in the company, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is owned by insiders.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.