National Pension Service Raises Holdings in U.S. Bancorp (NYSE:USB)

National Pension Service lifted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,086,466 shares of the financial services provider's stock after purchasing an additional 78,662 shares during the quarter. National Pension Service owned about 0.20% of U.S. Bancorp worth $133,582,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CGC Financial Services LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth about $26,000. Planned Solutions Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at about $27,000. Naples Money Management LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at about $30,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of U.S. Bancorp in the third quarter valued at about $35,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on U.S. Bancorp from $45.00 to $43.50 and set an "overweight" rating on the stock in a research report on Wednesday, May 1st. DA Davidson cut their price objective on shares of U.S. Bancorp from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Evercore ISI raised their target price 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. Compass Point raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $46.00 to $49.00 in a report on Friday, March 22nd. Finally, Barclays decreased their price objective on U.S. Bancorp from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Hold" and a consensus target price of $46.02.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.11 during midday trading on Wednesday, reaching $41.69. The company had a trading volume of 8,566,435 shares, compared to its average volume of 8,547,586. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. U.S. Bancorp has a 12-month low of $28.53 and a 12-month high of $45.85. The company has a market capitalization of $65.06 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.16 and a beta of 1.05. The firm's fifty day simple moving average is $42.35 and its 200-day simple moving average is $40.64.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $1.16 EPS. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts anticipate that U.S. Bancorp will post 3.84 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued 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 dividend yield of 4.70%. U.S. Bancorp's dividend payout ratio is presently 64.90%.

Insider Activity

In related news, EVP James L. Chosy sold 21,582 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the completion of the sale, the executive vice president now directly owns 164,880 shares in the company, valued at $6,837,573.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company's stock.

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.

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