Skandinaviska Enskilda Banken AB publ Raises Position in U.S. Bancorp (NYSE:USB)

Skandinaviska Enskilda Banken AB publ grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 61.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 501,564 shares of the financial services provider's stock after buying an additional 190,714 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in U.S. Bancorp were worth $24,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Winch Advisory Services LLC grew its stake 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 purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $26,000. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $28,000. Frazier Financial Advisors LLC grew its stake in shares of U.S. Bancorp by 222.7% in the third quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock worth $29,000 after purchasing an additional 441 shares during the last quarter. Finally, Global Wealth Strategies & Associates grew its stake in shares of U.S. Bancorp by 70.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Up 0.1 %

Shares of USB traded up $0.05 on Tuesday, reaching $42.23. The company's stock had a trading volume of 13,041,712 shares, compared to its average volume of 9,813,943. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $65.80 billion, a PE ratio of 11.14, a PEG ratio of 1.73 and a beta of 1.02. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The firm has a fifty day moving average of $46.76 and a 200-day moving average of $47.76.

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U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. During the same quarter last year, the firm earned $0.99 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given 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 dividend yield of 4.74%. U.S. Bancorp's dividend payout ratio is currently 52.77%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total transaction of $1,022,140.15. Following the transaction, the executive vice president now owns 198,127 shares of the company's stock, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of U.S. Bancorp stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now directly owns 209,482 shares in the company, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on USB. Morgan Stanley cut their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Compass Point upped their price target on shares of U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays upped their price target on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their price target for the company from $49.00 to $65.00 in a research report on Monday, November 25th. Finally, Piper Sandler raised shares of U.S. Bancorp from a "neutral" rating to an "overweight" rating and set a $58.00 price target on the stock in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $53.98.

U.S. Bancorp Company 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.