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Fieldview Capital Management LLC Has $5.31 Million Stock Position in U.S. Bancorp $USB

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Key Points

  • Fieldview Capital Management cut its stake in U.S. Bancorp by 34.8%, selling 58,603 shares and now holding 109,764 shares worth about $5.31 million, roughly 0.9% of its portfolio and the firm's 12th-largest position.
  • U.S. Bancorp beat quarterly EPS estimates ($1.26 vs. $1.19), pays a quarterly dividend of $0.52 (annualized yield ~4.0%), and carries a consensus analyst rating of Moderate Buy with a $60.02 target.
  • Institutional ownership stands at about 77.60%, with several funds (Citigroup, SteelPeak, Chemung Canal, Jones Financial, Synergy) materially increasing their U.S. Bancorp positions during the quarter.
  • MarketBeat previews top five stocks to own in May.

Fieldview Capital Management LLC lessened its position in U.S. Bancorp (NYSE:USB - Free Report) by 34.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 109,764 shares of the financial services provider's stock after selling 58,603 shares during the period. U.S. Bancorp makes up about 0.9% of Fieldview Capital Management LLC's holdings, making the stock its 12th largest position. Fieldview Capital Management LLC's holdings in U.S. Bancorp were worth $5,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chemung Canal Trust Co. lifted its stake in shares of U.S. Bancorp by 205.5% in the third quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider's stock valued at $3,302,000 after buying an additional 45,963 shares in the last quarter. Citigroup Inc. grew its holdings in shares of 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 valued at $84,568,000 after buying an additional 41,803 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 47,537 shares in the last quarter. Synergy Asset Management LLC raised its holdings in shares of U.S. Bancorp by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider's stock worth $5,428,000 after acquiring an additional 59,981 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of U.S. Bancorp by 757.8% in the 3rd quarter. SteelPeak Wealth LLC now owns 176,500 shares of the financial services provider's stock worth $8,622,000 after acquiring an additional 155,925 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $52.40 on Monday. The business's fifty day simple moving average is $56.07 and its 200 day simple moving average is $51.49. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19. The firm has a market capitalization of $81.41 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.04.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a yield of 4.0%. U.S. Bancorp's dividend payout ratio is presently 45.02%.

Insider Transactions at U.S. Bancorp

In related news, insider Mark G. Runkel sold 32,195 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the sale, the insider owned 97,728 shares in the company, valued at approximately $5,927,203.20. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USB shares. UBS Group reiterated a "neutral" rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. DA Davidson upped their price target on U.S. Bancorp from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on U.S. Bancorp from $58.00 to $59.00 and gave the company a "market perform" rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.02.

Read Our Latest Stock Analysis on U.S. Bancorp

U.S. Bancorp Profile

(Free Report)

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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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