OMERS ADMINISTRATION Corp Has $3.11 Million Stock Position in U.S. Bancorp (NYSE:USB)

OMERS ADMINISTRATION Corp lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,965 shares of the financial services provider's stock after purchasing an additional 10,882 shares during the period. OMERS ADMINISTRATION Corp's holdings in U.S. Bancorp were worth $3,107,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock valued at $6,640,569,000 after acquiring an additional 1,079,056 shares during the last quarter. FMR LLC boosted its holdings in U.S. Bancorp by 5.0% in the fourth quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock valued at $3,210,624,000 after acquiring an additional 3,211,815 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in U.S. Bancorp by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock valued at $2,381,443,000 after acquiring an additional 2,460,845 shares during the last quarter. Geode Capital Management LLC boosted its holdings in U.S. Bancorp by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after acquiring an additional 850,763 shares during the last quarter. Finally, Amundi boosted its holdings in U.S. Bancorp by 7.4% in the fourth quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after acquiring an additional 1,341,407 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

USB has been the topic of several recent research reports. Royal Bank of Canada decreased their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. DA Davidson decreased their price target 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. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a report on Thursday, April 3rd. TD Cowen assumed coverage on U.S. Bancorp in a report on Thursday. They set a "buy" rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. restated 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 equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.89.

U.S. Bancorp Stock Up 0.8%

Shares of NYSE USB traded up $0.34 during mid-day trading on Friday, reaching $44.92. 7,369,199 shares of the company's stock were exchanged, compared to its average volume of 9,125,737. The firm has a market capitalization of $69.98 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.73 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $40.79 and a 200 day simple moving average of $46.02. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.06. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. During the same quarter last year, the firm posted $0.78 earnings per share. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's payout ratio is 49.50%.

Insider Buying and Selling at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now owns 15,000 shares of the company's stock, valued at approximately $559,800. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.