APG Asset Management N.V. Buys 827,845 Shares of U.S. Bancorp (NYSE:USB)

APG Asset Management N.V. boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 309.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,095,653 shares of the financial services provider's stock after purchasing an additional 827,845 shares during the period. APG Asset Management N.V. owned 0.07% of U.S. Bancorp worth $50,608,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Winch Advisory Services LLC lifted its stake in U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new stake in U.S. Bancorp in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates boosted its stake in shares of U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the 4th quarter worth approximately $30,000. 77.60% of the stock is currently owned by institutional investors.

Insider Transactions at U.S. Bancorp

In other news, insider Jodi L. Richard sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $47.59, for a total transaction of $1,427,700.00. Following the transaction, the insider now directly owns 99,790 shares of the company's stock, valued at approximately $4,749,006.10. This trade represents a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the sale, the insider now directly owns 209,482 shares of the company's stock, valued at $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last quarter. Insiders own 0.23% of the company's stock.

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U.S. Bancorp Stock Performance

USB stock traded up $0.13 during mid-day trading on Monday, hitting $37.99. The company had a trading volume of 4,162,664 shares, compared to its average volume of 11,534,327. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The stock's fifty day moving average price is $43.46 and its two-hundred day moving average price is $47.04. The firm has a market cap of $59.19 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 5.26%. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USB. Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 target price for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their price objective on U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Bank of America lowered their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Oppenheimer boosted their price target on U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Finally, Raymond James upgraded U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $52.52.

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.