Mackenzie Financial Corp Has $6.32 Million Stake in U.S. Bancorp (NYSE:USB)

Mackenzie Financial Corp lessened its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,936 shares of the financial services provider's stock after selling 53,116 shares during the quarter. Mackenzie Financial Corp's holdings in U.S. Bancorp were worth $6,316,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of USB. Moneta Group Investment Advisors LLC raised its stake 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 worth $2,628,544,000 after acquiring an additional 60,227,825 shares in the last quarter. Mufg Bank LTD. increased its stake in 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 in the last quarter. Aristotle Capital Management LLC increased its stake in 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 in the last quarter. Norges Bank acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $644,436,000. Finally, Vanguard Group Inc. increased its stake in U.S. Bancorp by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider's stock valued at $4,513,127,000 after purchasing an additional 6,479,642 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Price Performance

USB traded up $1.01 during midday trading on Friday, hitting $40.45. 12,061,759 shares of the company traded hands, compared to its average volume of 6,861,925. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $63.03 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.10 and a beta of 1.05. U.S. Bancorp has a 52-week low of $27.27 and a 52-week high of $45.85. The business has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $39.90.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 3.86 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 Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp's payout ratio is 64.90%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent analyst reports. HSBC upgraded shares of U.S. Bancorp from a "hold" rating to a "buy" rating and upped their price target for the company from $47.00 to $53.00 in a research note on Thursday, March 28th. Barclays cut their price objective on shares of U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday. Evercore ISI increased their price objective on shares of U.S. Bancorp from $46.00 to $48.00 and gave the stock an "in-line" rating in a research note on Thursday, March 28th. Royal Bank of Canada increased their price objective on shares of U.S. Bancorp from $43.00 to $47.00 and gave the stock an "outperform" rating in a research note on Thursday, January 18th. Finally, Jefferies Financial Group increased 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 note on Monday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.14.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction dated 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 directly 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 SEC, which is accessible through this link. In other news, insider Terrance R. Dolan sold 26,583 shares of the firm's stock in a transaction dated 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 directly 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 SEC, which is accessible through this link. Also, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the transaction, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

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.