Livforsakringsbolaget Skandia Omsesidigt Has $114,000 Stock Holdings in U.S. Bancorp (NYSE:USB)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 135.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,608 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in U.S. Bancorp were worth $114,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in 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 buying an additional 60,227,825 shares during the period. 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 worth $2,260,450,000 after acquiring an additional 24,000,000 shares during the period. Aristotle Capital Management LLC raised its holdings in U.S. Bancorp by 266.6% in 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 acquiring an additional 17,066,479 shares in the last quarter. Norges Bank bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at $644,436,000. Finally, Vanguard Group Inc. increased its position in shares of U.S. Bancorp by 5.0% in the third quarter. Vanguard Group Inc. now owns 136,513,206 shares of the financial services provider’s stock worth $4,513,127,000 after purchasing an additional 6,479,642 shares during the period. Institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on USB. Royal Bank of Canada lifted their price target on U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $53.00 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. Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a report on Friday, January 26th. Finally, Jefferies Financial Group increased their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a “hold” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.91.

Insider Buying and Selling at U.S. Bancorp

In related news, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of the company’s stock in a transaction on 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 sale, the executive vice president now 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 can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction on 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 completion of the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.2 %

U.S. Bancorp stock opened at $39.44 on Friday. The firm has a market cap of $61.45 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.04 and a beta of 1.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The stock has a fifty day simple moving average of $42.31 and a two-hundred day simple moving average of $39.72.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business posted $1.16 EPS. U.S. Bancorp’s revenue was down 6.4% on a year-over-year basis. Equities analysts predict that U.S. Bancorp will post 3.87 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 4.97%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s payout ratio is 64.90%.

About U.S. Bancorp

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.