Louisiana State Employees Retirement System Invests $4.07 Million in U.S. Bancorp (NYSE:USB)

Louisiana State Employees Retirement System bought a new position in U.S. Bancorp (NYSE:USB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 94,100 shares of the financial services provider's stock, valued at approximately $4,073,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in USB. Moneta Group Investment Advisors LLC raised its holdings in shares of U.S. Bancorp by 130,768.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider's stock worth $2,628,544,000 after acquiring an additional 60,227,825 shares during the last quarter. Mufg Bank LTD. grew its position in U.S. Bancorp by 54.1% in the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider's stock worth $2,260,450,000 after purchasing an additional 24,000,000 shares in the last quarter. Aristotle Capital Management LLC grew its position in U.S. Bancorp by 266.6% in the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider's stock worth $775,842,000 after purchasing an additional 17,066,479 shares in the last quarter. Norges Bank bought a new stake in U.S. Bancorp in the 4th quarter worth about $644,436,000. Finally, Vanguard Group Inc. grew its position in U.S. Bancorp by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider's stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the company's stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the transaction, the insider now directly owns 106,958 shares in the company, valued at $4,313,616.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Terrance R. Dolan sold 26,583 shares of the business's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares of the company's stock, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy A. Welsh sold 12,100 shares of the business's stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total transaction of $487,993.00. Following the completion of the transaction, the insider now directly owns 106,958 shares in the company, valued at approximately $4,313,616.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,265 shares of company stock worth $2,535,903. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.13 during trading hours on Monday, reaching $41.45. The company had a trading volume of 10,232,780 shares, compared to its average volume of 8,697,521. The business has a fifty day moving average price of $42.32 and a 200-day moving average price of $39.67. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85. The firm has a market cap of $64.58 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.28. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a net margin of 13.36% and a return on equity of 14.89%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. Sell-side analysts predict that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.73%. U.S. Bancorp's dividend payout ratio (DPR) is 59.76%.

Analysts Set New Price Targets

A number of brokerages have issued reports on USB. Compass Point raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Jefferies Financial Group upped their price objective on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, April 8th. Royal Bank of Canada increased their target price on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. TheStreet raised shares of U.S. Bancorp from a "c+" rating to a "b-" rating in a research report on Tuesday, December 26th. Finally, Morgan Stanley increased their target price on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $47.41.

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.