U.S. Bancorp (NYSE:USB) Shares Bought by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 176.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,346,862 shares of the financial services provider's stock after purchasing an additional 859,882 shares during the period. U.S. Bancorp makes up approximately 1.4% of Atalanta Sosnoff Capital LLC's investment portfolio, making the stock its 27th biggest holding. Atalanta Sosnoff Capital LLC owned approximately 0.09% of U.S. Bancorp worth $64,420,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank bought a new position in U.S. Bancorp in the 4th quarter valued at $777,524,000. Invesco Ltd. lifted its holdings in U.S. Bancorp by 48.1% during the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after buying an additional 5,449,949 shares in the last quarter. Franklin Resources Inc. boosted its position in U.S. Bancorp by 153.0% in the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock valued at $374,573,000 after buying an additional 4,807,662 shares during the period. Marshall Wace LLP grew its stake in U.S. Bancorp by 414.1% in the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock worth $276,915,000 after acquiring an additional 4,663,518 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $184,733,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the sale, the insider now directly owns 99,790 shares of the company's stock, valued at $4,749,006.10. This trade represents a 23.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares of the company's stock, valued at $9,440,751.55. The trade was a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 1.0 %

NYSE USB traded down $0.43 on Tuesday, hitting $41.03. 5,269,031 shares of the stock were exchanged, compared to its average volume of 9,095,666. The company has a market cap of $63.92 billion, a PE ratio of 10.82, a PEG ratio of 1.73 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $41.06 and a 200-day moving average price of $46.31. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the firm posted $0.78 earnings per share. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USB shares. Wells Fargo & Company dropped their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wolfe Research raised U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada lowered their price objective on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Citigroup dropped their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $50.48.

U.S. Bancorp Profile

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.