National Pension Service Has $144.44 Million Position in U.S. Bancorp $USB

Key Points

• The National Pension Service increased its stake in U.S. Bancorp by 6.3%, now holding a total of 3,421,131 shares valued at approximately $144.4 million.
• Insider trading was reported as Souheil Badran, an EVP, sold 23,727 shares at an average price of $46.34, marking a 25.22% decrease in his holdings.
• U.S. Bancorp recently announced a quarterly dividend of $0.50 per share, yielding 4.3%, with an annualized pay of $2.00.

National Pension Service grew its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,421,131 shares of the financial services provider's stock after acquiring an additional 202,452 shares during the quarter. National Pension Service owned 0.22% of U.S. Bancorp worth $144,440,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of USB. Brighton Jones LLC boosted its position in shares of U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Advisors Capital Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $230,000. Mariner LLC boosted its position in shares of U.S. Bancorp by 9.3% in the fourth quarter. Mariner LLC now owns 510,301 shares of the financial services provider's stock valued at $24,408,000 after acquiring an additional 43,438 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $239,000. Finally, Jump Financial LLC boosted its position in shares of U.S. Bancorp by 399.1% in the fourth quarter. Jump Financial LLC now owns 40,940 shares of the financial services provider's stock valued at $1,958,000 after acquiring an additional 32,738 shares during the period. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on USB. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Cowen assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating for the company. Citigroup raised their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer lifted their price target on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.55.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Trading Up 0.4%

Shares of U.S. Bancorp stock traded up $0.19 on Monday, hitting $46.12. The stock had a trading volume of 5,892,661 shares, compared to its average volume of 10,654,427. The stock has a 50 day moving average of $45.46 and a 200 day moving average of $43.80. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $71.77 billion, a P/E ratio of 11.03, a PEG ratio of 1.44 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

U.S. Bancorp Company 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.