Fulton Breakefield Broenniman LLC Invests $224,000 in U.S. Bancorp (NYSE:USB)

Fulton Breakefield Broenniman LLC acquired a new position in U.S. Bancorp (NYSE:USB) during the 4th quarter, Holdings Channel reports. The firm acquired 5,184 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other institutional investors have also recently made changes to their positions in the business. Spinnaker Trust bought a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $220,000. Kovack Advisors Inc. lifted its stake in shares of U.S. Bancorp by 6.9% in the 4th quarter. Kovack Advisors Inc. now owns 12,585 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 815 shares during the period. AM Investment Strategies LLC lifted its stake in shares of U.S. Bancorp by 3.0% in the 4th quarter. AM Investment Strategies LLC now owns 117,286 shares of the financial services provider’s stock worth $5,076,000 after purchasing an additional 3,406 shares during the period. Sandhill Capital Partners LLC lifted its stake in shares of U.S. Bancorp by 13.2% in the 4th quarter. Sandhill Capital Partners LLC now owns 1,182,616 shares of the financial services provider’s stock worth $51,184,000 after purchasing an additional 137,729 shares during the period. Finally, Pittenger & Anderson Inc. raised its stake in U.S. Bancorp by 147.6% during the 4th quarter. Pittenger & Anderson Inc. now owns 16,775 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Trading Up 0.3 %

Shares of USB traded up $0.13 during trading hours on Friday, reaching $41.12. 4,512,229 shares of the company traded hands, compared to its average volume of 7,300,433. The firm has a market cap of $64.07 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.12 and a beta of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average price is $42.34 and its 200 day moving average price is $40.11.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. Sell-side analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on USB shares. StockNews.com downgraded shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Royal Bank of Canada lifted their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Evercore ISI boosted their target price on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Wells Fargo & Company lowered their target price on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.14.

About U.S. Bancorp

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.