Vista Investment Partners II LLC Invests $3.49 Million in U.S. Bancorp (NYSE:USB)

Vista Investment Partners II LLC bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 73,021 shares of the financial services provider's stock, valued at approximately $3,493,000. U.S. Bancorp comprises about 2.1% of Vista Investment Partners II LLC's holdings, making the stock its 10th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of U.S. Bancorp by 1.2% in the third quarter. State Street Corp now owns 67,282,970 shares of the financial services provider's stock valued at $3,110,115,000 after purchasing an additional 819,805 shares during the last quarter. FMR LLC grew its position in U.S. Bancorp by 32.7% in the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock valued at $2,922,784,000 after purchasing an additional 15,746,852 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in U.S. Bancorp by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after buying an additional 2,460,845 shares during the last quarter. Geode Capital Management LLC lifted its position in U.S. Bancorp by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 33,086,597 shares of the financial services provider's stock worth $1,507,616,000 after buying an additional 599,852 shares in the last quarter. Finally, Amundi boosted its stake in shares of U.S. Bancorp by 7.4% during the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after buying an additional 1,341,407 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

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Insiders Place Their Bets

In other news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James L. Chosy sold 21,451 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock worth $10,385,665 in the last 90 days. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a research report on Thursday, December 19th. Compass Point increased their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays boosted their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their price target for the company from $58.00 to $60.00 in a research note on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

Shares of USB traded down $0.45 during midday trading on Tuesday, reaching $41.92. 11,772,729 shares of the stock were exchanged, compared to its average volume of 9,502,213. 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 stock's 50 day simple moving average is $47.42 and its 200 day simple moving average is $47.91. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a market cap of $65.32 billion, a P/E ratio of 11.07, a PEG ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Company 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.