Sei Investments Co. Has $110.41 Million Position in U.S. Bancorp (NYSE:USB)

Sei Investments Co. lifted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,308,428 shares of the financial services provider's stock after acquiring an additional 114,777 shares during the quarter. Sei Investments Co. owned about 0.15% of U.S. Bancorp worth $110,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. Brooklyn Investment Group raised its stake in shares of U.S. Bancorp by 4.4% in the 3rd quarter. Brooklyn Investment Group now owns 4,792 shares of the financial services provider's stock worth $219,000 after buying an additional 201 shares in the last quarter. Capital Performance Advisors LLP raised its position in U.S. Bancorp by 2.6% in the fourth quarter. Capital Performance Advisors LLP now owns 8,188 shares of the financial services provider's stock worth $392,000 after acquiring an additional 210 shares in the last quarter. HCR Wealth Advisors lifted its holdings in U.S. Bancorp by 1.1% in the 4th quarter. HCR Wealth Advisors now owns 20,107 shares of the financial services provider's stock valued at $962,000 after acquiring an additional 211 shares during the last quarter. Priebe Wealth Holdings LLC boosted its position in shares of U.S. Bancorp by 4.4% during the 4th quarter. Priebe Wealth Holdings LLC now owns 5,078 shares of the financial services provider's stock valued at $243,000 after purchasing an additional 215 shares in the last quarter. Finally, Essex Savings Bank grew its stake in shares of U.S. Bancorp by 1.8% in the 4th quarter. Essex Savings Bank now owns 12,350 shares of the financial services provider's stock worth $591,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

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U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded down $0.52 on Thursday, reaching $43.25. The stock had a trading volume of 8,171,117 shares, compared to its average volume of 8,069,904. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The business's 50-day moving average price is $45.96 and its two-hundred day moving average price is $47.60. 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 stock has a market cap of $67.39 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results 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 period in the prior year, the company earned $0.99 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.62%. U.S. Bancorp's dividend payout ratio (DPR) is presently 52.77%.

Analysts Set New Price Targets

USB has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Citigroup reduced their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday. Oppenheimer upped their price target on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. DA Davidson upgraded U.S. Bancorp from a "neutral" rating to a "buy" rating and increased their target price for the company from $58.00 to $60.00 in a report on Thursday, January 2nd. Finally, Bank of America lowered their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $53.48.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the chief executive officer now directly owns 1,230,316 shares of the company's stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 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.