Bank of Jackson Hole Trust Invests $401,000 in U.S. Bancorp (NYSE:USB)

Bank of Jackson Hole Trust acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,383 shares of the financial services provider's stock, valued at approximately $401,000.

Several other institutional investors have also modified their holdings of USB. Natixis Advisors LLC increased its stake in U.S. Bancorp by 16.6% during the 3rd quarter. Natixis Advisors LLC now owns 401,232 shares of the financial services provider's stock worth $18,348,000 after buying an additional 56,990 shares in the last quarter. International Assets Investment Management LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $1,018,000. M&T Bank Corp lifted its holdings in U.S. Bancorp by 2.8% in the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares in the last quarter. D.A. Davidson & CO. boosted its stake in U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after purchasing an additional 38,802 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its position in shares of U.S. Bancorp by 184.3% in the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider's stock valued at $3,214,000 after buying an additional 45,560 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Trading Down 1.9 %

NYSE USB traded down $0.89 during trading on Friday, hitting $45.88. The stock had a trading volume of 9,326,979 shares, compared to its average volume of 9,157,008. The company has a market capitalization of $71.57 billion, a PE ratio of 12.10, a PEG ratio of 1.75 and a beta of 1.04. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average price of $48.29 and a 200 day moving average price of $47.61.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.36%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Insider Buying and Selling

In other U.S. Bancorp news, 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 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now owns 198,127 shares in the company, valued at approximately $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler upgraded U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target for the company in a research report on Monday, January 13th. Wells Fargo & Company upped their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Evercore ISI lifted their price target on U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. Barclays upped their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Compass Point lifted their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Profile

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.