Strs Ohio Boosts Stock Position in U.S. Bancorp (NYSE:USB)

Strs Ohio boosted its position in U.S. Bancorp (NYSE:USB - Free Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,635 shares of the financial services provider's stock after purchasing an additional 74,738 shares during the quarter. Strs Ohio's holdings in U.S. Bancorp were worth $26,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of U.S. Bancorp by 130,768.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 60,273,882 shares of the financial services provider's stock valued at $2,628,544,000 after purchasing an additional 60,227,825 shares during the last quarter. Mufg Bank LTD. grew its holdings in shares of U.S. Bancorp by 54.1% during the 3rd quarter. Mufg Bank LTD. now owns 68,374,155 shares of the financial services provider's stock valued at $2,260,450,000 after purchasing an additional 24,000,000 shares during the last quarter. Aristotle Capital Management LLC grew its holdings in shares of U.S. Bancorp by 266.6% during the 3rd quarter. Aristotle Capital Management LLC now owns 23,467,699 shares of the financial services provider's stock valued at $775,842,000 after purchasing an additional 17,066,479 shares during the last quarter. Norges Bank bought a new stake in U.S. Bancorp in the 4th quarter worth $644,436,000. Finally, Vanguard Group Inc. grew its holdings 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 acquiring an additional 6,479,642 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE USB traded down $0.45 during midday trading on Tuesday, reaching $40.99. The stock had a trading volume of 9,544,929 shares, compared to its average volume of 8,703,865. The stock has a 50-day moving average of $42.34 and a 200-day moving average of $39.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $63.87 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. U.S. Bancorp has a 12-month low of $27.27 and a 12-month high of $45.85.

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

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.78%. U.S. Bancorp's dividend payout ratio (DPR) is currently 59.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an "in-line" rating in a report on Thursday, March 28th. StockNews.com lowered shares of U.S. Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, February 20th. Jefferies Financial Group raised their price target on shares of U.S. Bancorp from $44.00 to $46.00 and gave the stock a "hold" rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of U.S. Bancorp from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Friday, April 5th. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of U.S. Bancorp in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Hold" and a consensus target price of $47.41.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Timothy A. Welsh sold 12,100 shares of the firm's stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $40.33, for a total value of $487,993.00. Following the transaction, the insider now owns 106,958 shares of the company's stock, valued at approximately $4,313,616.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the completion of the transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold 60,265 shares of company stock worth $2,535,903 over the last 90 days. 0.23% of the stock is owned by insiders.

U.S. Bancorp 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.