Public Employees Retirement System of Ohio Has $31.69 Million Holdings in U.S. Bancorp (NYSE:USB)

Public Employees Retirement System of Ohio trimmed its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662,575 shares of the financial services provider's stock after selling 32,802 shares during the quarter. Public Employees Retirement System of Ohio's holdings in U.S. Bancorp were worth $31,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $777,524,000. Invesco Ltd. increased its position in U.S. Bancorp by 48.1% in the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after acquiring an additional 5,449,949 shares in the last quarter. Marshall Wace LLP increased its position 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 valued at $276,915,000 after acquiring an additional 4,663,518 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in U.S. Bancorp in the 4th quarter valued at about $184,733,000. Finally, FMR LLC increased its position in U.S. Bancorp by 5.0% in the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on USB. Royal Bank of Canada lowered their price target on shares of U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Barclays lowered their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their price target on shares of U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

U.S. Bancorp Stock Up 0.6%

Shares of USB stock traded up $0.28 during trading on Thursday, reaching $43.51. The company's stock had a trading volume of 2,472,912 shares, compared to its average volume of 9,059,394. The business has a fifty day moving average price of $41.01 and a 200-day moving average price of $45.72. 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 market cap of $67.78 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

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

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.60%. U.S. Bancorp's payout ratio is 49.50%.

Insider Buying and Selling at U.S. Bancorp

In related news, Director Aleem Gillani acquired 5,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company's stock.

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.