Caprock Group LLC Purchases 30,274 Shares of U.S. Bancorp $USB

Key Points

• Caprock Group LLC boosted its stake in U.S. Bancorp by 49.3%, buying 30,274 shares to hold 91,665 shares valued at about $4.94 million at quarter-end.
• U.S. Bancorp beat quarterly estimates with $1.18 EPS vs. $1.14 expected and $7.32B revenue, and it pays a $0.52 quarterly dividend (about a 3.7% yield).
• Notable insider selling occurred (Jodi L. Richard sold 40,000 shares; Mark G. Runkel sold 32,195), while institutional ownership is 77.6% and analysts maintain a “Moderate Buy” consensus with a $61.18 target.

Caprock Group LLC boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 49.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,665 shares of the financial services provider's stock after purchasing an additional 30,274 shares during the quarter. Caprock Group LLC's holdings in U.S. Bancorp were worth $4,941,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Chemung Canal Trust Co. grew its position in U.S. Bancorp by 205.5% during the third quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider's stock worth $3,302,000 after buying an additional 45,963 shares in the last quarter. Citigroup Inc. grew its position in U.S. Bancorp by 2.4% during the third quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider's stock worth $84,568,000 after buying an additional 41,803 shares in the last quarter. Jones Financial Companies Lllp grew its position in U.S. Bancorp by 15.3% during the third quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider's stock worth $17,738,000 after buying an additional 47,537 shares in the last quarter. Danske Bank A S acquired a new stake in U.S. Bancorp during the third quarter worth approximately $37,162,000. Finally, Synergy Asset Management LLC grew its position in U.S. Bancorp by 100.0% during the third quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider's stock worth $5,428,000 after buying an additional 59,981 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 0.1%

NYSE USB opened at $56.65 on Friday. The business has a fifty day moving average price of $54.29 and a two-hundred day moving average price of $52.55. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a fifty-two week low of $39.26 and a fifty-two week high of $61.19. The stock has a market capitalization of $87.94 billion, a PE ratio of 11.88, a PEG ratio of 1.02 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 18.26% and a net margin of 18.01%.The firm had revenue of $7.32 billion during the quarter, compared to analysts' expectations of $7.27 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that U.S. Bancorp will post 5.08 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.7%. U.S. Bancorp's dividend payout ratio (DPR) is 43.61%.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Jodi L. Richard sold 40,000 shares of the firm's stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider owned 207,251 shares of the company's stock, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark G. Runkel sold 32,195 shares of the firm's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total value of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. HSBC reissued a "buy" rating and set a $62.00 price target on shares of U.S. Bancorp in a research report on Wednesday, January 7th. Wolfe Research downgraded U.S. Bancorp from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods upped their target price on U.S. Bancorp from $58.00 to $59.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 21st. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research note on Friday, April 17th. Finally, DA Davidson restated a "buy" rating and set a $65.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.18.

U.S. Bancorp Profile

U.S. Bancorp NYSE: USB is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.

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