Grantham Mayo Van Otterloo & Co. LLC Raises Stock Position in U.S. Bancorp (NYSE:USB)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,935,847 shares of the financial services provider's stock after acquiring an additional 120,543 shares during the quarter. U.S. Bancorp makes up 2.0% of Grantham Mayo Van Otterloo & Co. LLC's holdings, making the stock its 15th biggest position. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.83% of U.S. Bancorp worth $618,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of USB. Norges Bank bought a new position in U.S. Bancorp during the fourth quarter valued at $777,524,000. Franklin Resources Inc. grew its stake in shares of U.S. Bancorp by 153.0% during the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock worth $374,573,000 after acquiring an additional 4,807,662 shares during the period. Raymond James Financial Inc. purchased a new stake in U.S. Bancorp in the 4th quarter worth about $184,733,000. Charles Schwab Investment Management Inc. raised its stake in U.S. Bancorp by 5.2% in the 4th 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 period. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in U.S. Bancorp during the fourth quarter valued at about $111,274,000. 77.60% of the stock is owned by institutional investors.

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Insider Transactions at U.S. Bancorp

In other news, CEO Andrew Cecere sold 102,044 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock worth $10,385,665. Insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

USB traded down $2.24 during midday trading on Thursday, hitting $37.06. The stock had a trading volume of 7,925,701 shares, compared to its average volume of 8,882,360. The company has a market cap of $57.75 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The business has a fifty day moving average of $43.85 and a 200 day moving average of $47.13. 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 announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The firm's revenue was up 3.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Analyst Upgrades and Downgrades

USB has been the subject of several recent research reports. Oppenheimer lifted their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Bank of America lowered their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company cut their price target 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. The Goldman Sachs Group dropped their price objective on U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Citigroup reduced their target price on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. One equities 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $52.52.

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.