U.S. Bancorp (NYSE:USB) Shares Sold by Public Employees Retirement System of Ohio

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

Several other large investors have also recently bought and sold shares of USB. Simon Quick Advisors LLC lifted its stake in U.S. Bancorp by 7.0% during the fourth quarter. Simon Quick Advisors LLC now owns 6,057 shares of the financial services provider's stock worth $290,000 after purchasing an additional 398 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of U.S. Bancorp by 624.9% during the 4th quarter. SG Americas Securities LLC now owns 347,998 shares of the financial services provider's stock worth $16,645,000 after buying an additional 299,993 shares during the last quarter. Red Door Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $256,000. Secure Asset Management LLC boosted its holdings in shares of U.S. Bancorp by 3.1% in the 4th quarter. Secure Asset Management LLC now owns 9,510 shares of the financial services provider's stock valued at $455,000 after buying an additional 289 shares in the last quarter. Finally, Brighton Jones LLC grew its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after buying an additional 36,863 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on USB. DA Davidson decreased their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank of Canada cut 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 report on Thursday, April 17th. Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Finally, Morgan Stanley lowered their price objective on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

U.S. Bancorp Trading Down 1.2%

U.S. Bancorp stock traded down $0.51 during trading on Wednesday, reaching $43.23. The company had a trading volume of 4,792,624 shares, compared to its average volume of 9,079,598. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock's 50 day moving average price is $41.00 and its two-hundred day moving average price is $45.74. The firm has a market capitalization of $67.35 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.73 and a beta of 0.97.

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, beating analysts' consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the company posted $0.78 EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insiders Place Their Bets

In other news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by company insiders.

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.