ZEGA Investments LLC Takes $1.62 Million Position in U.S. Bancorp (NYSE:USB)

ZEGA Investments LLC acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,099 shares of the financial services provider's stock, valued at approximately $1,624,000.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in U.S. Bancorp by 1.2% during the third quarter. State Street Corp now owns 67,282,970 shares of the financial services provider's stock worth $3,110,115,000 after purchasing an additional 819,805 shares during the period. FMR LLC lifted its position in shares of U.S. Bancorp by 32.7% during the 3rd quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock worth $2,922,784,000 after buying an additional 15,746,852 shares during the period. Charles Schwab Investment Management Inc. boosted 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 in the last quarter. Geode Capital Management LLC grew its position in U.S. Bancorp by 1.8% in the third quarter. Geode Capital Management LLC now owns 33,086,597 shares of the financial services provider's stock valued at $1,507,616,000 after acquiring an additional 599,852 shares during the period. Finally, Amundi raised its stake in U.S. Bancorp by 7.4% during the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock worth $945,268,000 after acquiring an additional 1,341,407 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CEO Andrew Cecere sold 102,044 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is owned by insiders.

U.S. Bancorp Trading Up 0.1 %

USB traded up $0.04 during trading on Wednesday, reaching $43.74. 9,585,236 shares of the company's stock were exchanged, compared to its average volume of 8,063,607. The company's fifty day moving average price is $46.11 and its 200-day moving average price is $47.63. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $68.15 billion, a PE ratio of 11.54, a P/E/G ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $7 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. U.S. Bancorp's dividend payout ratio is 52.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Morgan Stanley decreased their price objective on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Compass Point lifted their target price on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group reduced their target price on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a report on Thursday, December 19th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.48.

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.