Capitolis Liquid Global Markets LLC Invests $16.09 Million in U.S. Bancorp $USB

Capitolis Liquid Global Markets LLC purchased a new stake in U.S. Bancorp (NYSE:USB) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 332,900 shares of the financial services provider’s stock, valued at approximately $16,089,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. Norges Bank acquired a new stake in shares of U.S. Bancorp in the second quarter worth $971,285,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of U.S. Bancorp by 1,589.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,472,252 shares of the financial services provider’s stock valued at $157,119,000 after acquiring an additional 3,266,724 shares in the last quarter. AQR Capital Management LLC boosted its position in U.S. Bancorp by 354.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock worth $129,205,000 after purchasing an additional 2,227,103 shares during the period. Vanguard Group Inc. boosted its position in U.S. Bancorp by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 143,269,275 shares of the financial services provider’s stock worth $6,482,935,000 after purchasing an additional 2,038,996 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in U.S. Bancorp by 16.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 11,598,572 shares of the financial services provider’s stock valued at $560,559,000 after purchasing an additional 1,631,550 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on USB shares. Royal Bank Of Canada raised their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Argus raised their target price on U.S. Bancorp from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group reissued a “neutral” rating and set a $60.00 price target on shares of U.S. Bancorp in a research report on Wednesday, February 4th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.02.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $51.00 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The company’s fifty day moving average price is $55.86 and its two-hundred day moving average price is $51.60. The firm has a market capitalization of $79.17 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.91 and a beta of 1.04. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $61.19.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 45.02%.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the sale, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. The trade was a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently 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.