U.S. Bancorp $USB Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of U.S. Bancorp (NYSE:USB) by 12.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,457 shares of the financial services provider’s stock after purchasing an additional 46,083 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in U.S. Bancorp were worth $24,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new position in U.S. Bancorp during the 1st quarter worth $27,000. Main Street Group LTD acquired a new position in shares of U.S. Bancorp in the first quarter worth about $28,000. Rossby Financial LCC grew its position in U.S. Bancorp by 57.8% during the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 212 shares in the last quarter. NFSG Corp purchased a new position in shares of U.S. Bancorp during the first quarter valued at $31,000. Finally, JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the 3rd quarter valued at approximately $28,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Down 0.6%

USB opened at $63.81 on Friday. The business has a 50 day moving average of $60.55 and a 200-day moving average of $57.00. The stock has a market capitalization of $98.97 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.05 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. U.S. Bancorp has a 1-year low of $43.96 and a 1-year high of $65.02.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the business posted $1.11 EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

Analyst Ratings Changes

A number of brokerages have weighed in on USB. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. BTIG Research set a $67.50 target price on shares of U.S. Bancorp in a research note on Monday, July 20th. Morgan Stanley lifted their target price on shares of U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. JPMorgan Chase & Co. boosted their target price on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Stephens upped their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.06.

Insiders Place Their Bets

In related news, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares in the company, valued at $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

U.S. Bancorp Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.