U.S. Bancorp (NYSE:USB) Stock Position Increased by National Pension Service

National Pension Service lifted its holdings in U.S. Bancorp (NYSE:USB) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 3,086,466 shares of the financial services provider’s stock after purchasing an additional 78,662 shares during the quarter. National Pension Service’s holdings in U.S. Bancorp were worth $133,582,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. CGC Financial Services LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new position in U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. bought a new stake in U.S. Bancorp in the fourth quarter worth about $27,000. Naples Money Management LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $30,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of U.S. Bancorp in the 3rd quarter worth approximately $35,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.11 during trading on Wednesday, reaching $41.69. The stock had a trading volume of 8,566,435 shares, compared to its average volume of 8,547,586. The stock has a fifty day simple moving average of $42.35 and a two-hundred day simple moving average of $40.64. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 52 week low of $28.53 and a 52 week high of $45.85. The firm has a market capitalization of $65.06 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.16 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm posted $1.16 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.70%. U.S. Bancorp’s payout ratio is 64.90%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Wells Fargo & Company dropped their price objective on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Oppenheimer decreased their target price on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, Royal Bank of Canada upped their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of “Hold” and an average price target of $46.02.

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.