U.S. Bancorp (NYSE:USB) Holdings Increased by Johnson Financial Group Inc.

Johnson Financial Group Inc. lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,334 shares of the financial services provider's stock after purchasing an additional 12,451 shares during the quarter. Johnson Financial Group Inc.'s holdings in U.S. Bancorp were worth $3,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Analysts LLC grew its holdings in U.S. Bancorp by 44.0% in the 4th quarter. Capital Analysts LLC now owns 2,763 shares of the financial services provider's stock valued at $132,000 after buying an additional 844 shares during the period. Nebula Research & Development LLC purchased a new stake in U.S. Bancorp in the 4th quarter valued at about $290,000. Kovitz Investment Group Partners LLC grew its holdings in U.S. Bancorp by 9.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 70,070 shares of the financial services provider's stock valued at $3,351,000 after buying an additional 5,877 shares during the period. Stonebridge Capital Advisors LLC grew its holdings in U.S. Bancorp by 0.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 303,383 shares of the financial services provider's stock valued at $14,511,000 after buying an additional 1,237 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in U.S. Bancorp by 183.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 90,367 shares of the financial services provider's stock valued at $4,322,000 after buying an additional 58,450 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction dated 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 owns 209,482 shares in the company, valued at approximately $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. Insiders have sold 219,812 shares of company stock valued at $10,385,665 over the last three months. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on USB. Wells Fargo & Company decreased their target price on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Morgan Stanley decreased their target price 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. Royal Bank of Canada decreased their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Raymond James reiterated an "outperform" rating and set a $51.00 target price (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. Finally, Bank of America decreased their target price on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and an average target price of $50.48.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.31 on Tuesday, hitting $40.49. 8,389,964 shares of the stock traded hands, compared to its average volume of 9,080,282. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company has a market capitalization of $63.08 billion, a PE ratio of 10.68, a PEG 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 company's fifty day moving average is $41.57 and its 200 day moving average is $46.57.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.78 EPS. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.94%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is presently 49.50%.

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.