BI Asset Management Fondsmaeglerselskab A S Grows Position in U.S. Bancorp (NYSE:USB)

BI Asset Management Fondsmaeglerselskab A S raised its position in U.S. Bancorp (NYSE:USB - Free Report) by 50.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 77,424 shares of the financial services provider's stock after purchasing an additional 25,980 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in U.S. Bancorp were worth $3,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of U.S. Bancorp during the 3rd quarter worth $229,000. Wealthquest Corp acquired a new stake in shares of U.S. Bancorp during the 3rd quarter worth approximately $1,160,000. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of U.S. Bancorp during the 3rd quarter valued at approximately $229,000. World Investment Advisors LLC lifted its holdings in U.S. Bancorp by 6.0% in the third quarter. World Investment Advisors LLC now owns 52,619 shares of the financial services provider's stock valued at $2,406,000 after acquiring an additional 2,988 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in U.S. Bancorp by 126.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 44,819 shares of the financial services provider's stock worth $2,050,000 after acquiring an additional 24,992 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on USB shares. Morgan Stanley lowered their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on shares of U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a report on Thursday, April 3rd. Citigroup dropped their target price on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Piper Sandler decreased their price target on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.66.

U.S. Bancorp Stock Down 0.4 %

USB stock traded down $0.15 during midday trading on Friday, reaching $39.90. 6,432,177 shares of the company were exchanged, compared to its average volume of 11,619,696. The stock's 50-day simple moving average is $41.87 and its 200 day simple moving average is $46.62. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market cap of $62.16 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its 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 business had revenue of $6.96 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm earned $0.78 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insiders Place Their Bets

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This trade represents a 7.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the business's 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 completion of the transaction, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,812 shares of company stock valued at $10,385,665. Insiders own 0.23% of the company's stock.

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.