FJ Capital Management LLC Has $19.93 Million Stake in U.S. Bancorp $USB

FJ Capital Management LLC lifted its position in shares of U.S. Bancorp (NYSE:USB) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 373,433 shares of the financial services provider’s stock after purchasing an additional 25,507 shares during the period. U.S. Bancorp accounts for 2.2% of FJ Capital Management LLC’s holdings, making the stock its 13th biggest position. FJ Capital Management LLC’s holdings in U.S. Bancorp were worth $19,926,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Focus Partners Wealth boosted its stake in U.S. Bancorp by 70.1% during the 4th quarter. Focus Partners Wealth now owns 817,315 shares of the financial services provider’s stock valued at $43,606,000 after purchasing an additional 336,835 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in U.S. Bancorp by 325.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,601,449 shares of the financial services provider’s stock valued at $85,453,000 after purchasing an additional 1,224,845 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. boosted its stake in U.S. Bancorp by 95.9% during the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 57,800 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 28,300 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in U.S. Bancorp by 2.2% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,751,068 shares of the financial services provider’s stock valued at $93,437,000 after purchasing an additional 36,922 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in U.S. Bancorp by 3.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,629,664 shares of the financial services provider’s stock valued at $86,959,000 after purchasing an additional 53,865 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $58.90 on Friday. U.S. Bancorp has a 52 week low of $42.55 and a 52 week high of $61.19. The company’s 50 day moving average price is $55.25 and its two-hundred day moving average price is $54.53. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a market cap of $91.37 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.06 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that U.S. Bancorp will post 5.07 earnings per share for the current year.

Wall Street Analyst Weigh In

USB has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Truist Financial cut their price target on U.S. Bancorp from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Oppenheimer lifted their price target on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 price target on shares of U.S. Bancorp in a research note on Thursday, April 16th. Finally, Morgan Stanley set a $64.00 price target on U.S. Bancorp in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares in the company, valued at approximately $2,847,731.84. This represents a 40.23% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is owned by company insiders.

U.S. Bancorp Company 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.