Strs Ohio raised its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 610,635 shares of the financial services provider’s stock after acquiring an additional 74,738 shares during the quarter. Strs Ohio’s holdings in U.S. Bancorp were worth $26,428,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of USB. CGC Financial Services LLC bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp in the fourth quarter valued at approximately $27,000. Legacy Financial Group LLC bought a new position in U.S. Bancorp in the third quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in U.S. Bancorp in the third quarter valued at approximately $35,000. 77.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Compass Point raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. Jefferies Financial Group lifted their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, April 8th. HSBC upgraded shares of U.S. Bancorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.41.
Read Our Latest Stock Report on U.S. Bancorp
Insider Transactions at U.S. Bancorp
In other news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at approximately $6,837,573.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was 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 of the company’s stock, valued at $6,255,515.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,265 shares of company stock valued at $2,535,903. Company insiders own 0.23% of the company’s stock.
U.S. Bancorp Stock Performance
NYSE USB traded down $0.70 during trading on Tuesday, reaching $40.74. The company’s stock had a trading volume of 1,932,938 shares, compared to its average volume of 8,598,528. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $63.48 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.15 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 firm has a 50 day moving average price of $42.32 and a 200 day moving average price of $39.67.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.28. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.85 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that U.S. Bancorp will post 3.87 EPS for the current fiscal year.
U.S. Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 59.76%.
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.
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