Ilmarinen Mutual Pension Insurance Co Invests $5.41 Million in U.S. Bancorp (NYSE:USB)

Ilmarinen Mutual Pension Insurance Co bought a new position in U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,000 shares of the financial services provider's stock, valued at approximately $5,405,000.

Other hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new stake in U.S. Bancorp in the fourth quarter worth $26,000. Winch Advisory Services LLC lifted its position in shares of U.S. Bancorp by 1,088.9% in the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock worth $26,000 after buying an additional 490 shares during the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates increased its holdings 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 valued at $29,000 after acquiring an additional 250 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded down $0.08 during midday trading on Friday, reaching $37.18. 6,614,450 shares of the company's stock were exchanged, compared to its average volume of 8,929,844. 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's 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $47.07. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market capitalization of $57.92 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

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U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect 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. Shareholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 5.38%. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Analyst Ratings Changes

USB has been the subject of several analyst reports. Oppenheimer boosted their target price on U.S. Bancorp from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Bank of America reduced their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Barclays raised their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley cut their target price on shares of U.S. Bancorp from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price target on U.S. Bancorp from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.52.

Insider Buying and Selling at U.S. Bancorp

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

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.