Johnson Financial Group Inc. Has $3.31 Million Position in U.S. Bancorp (NYSE:USB)

Johnson Financial Group Inc. increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,334 shares of the financial services provider's stock after buying an additional 12,451 shares during the quarter. Johnson Financial Group Inc.'s holdings in U.S. Bancorp were worth $3,313,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. J.Safra Asset Management Corp acquired a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $26,000. Winch Advisory Services LLC boosted its holdings in U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp in the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates boosted its holdings in U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial reduced their price target on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. DA Davidson reduced their target price on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Bank of America reduced their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Oppenheimer increased their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an "outperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $43.50 target price (down previously from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.48.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total value of $4,821,579.00. Following the completion of the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock valued at $10,385,665. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Trading Up 0.9 %

USB stock traded up $0.36 during mid-day trading on Thursday, reaching $40.70. 3,690,371 shares of the stock traded hands, compared to its average volume of 11,390,453. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a market cap of $63.40 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.73 and a beta of 0.91. The stock's fifty day moving average is $41.33 and its 200-day moving average is $46.49.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating 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 company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 yield of 4.91%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 49.50%.

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.