U.S. Bancorp (NYSE:USB) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in U.S. Bancorp (NYSE:USB - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,414 shares of the financial services provider's stock after purchasing an additional 10,919 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in U.S. Bancorp were worth $10,399,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Winch Advisory Services LLC increased its position in U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 490 shares during the last quarter. Frazier Financial Advisors LLC grew its holdings in U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 441 shares during the last quarter. Global Wealth Strategies & Associates raised its position in U.S. Bancorp by 70.8% in the 4th 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 period. Albion Financial Group UT lifted its stake in U.S. Bancorp by 92.8% in the fourth quarter. Albion Financial Group UT now owns 696 shares of the financial services provider's stock worth $33,000 after purchasing an additional 335 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $33,000. Institutional investors own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on USB shares. Robert W. Baird set a $54.00 price objective on U.S. Bancorp in a report on Thursday, October 17th. 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 report on Friday, January 17th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Citigroup upgraded shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and upped their target price for the stock from $49.00 to $65.00 in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 price target for the company. in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.21.

U.S. Bancorp Price Performance

USB stock traded up $0.74 during trading on Tuesday, reaching $47.62. 7,743,986 shares of the company were exchanged, compared to its average volume of 9,639,644. U.S. Bancorp has a 52-week low of $37.81 and a 52-week high of $53.98. 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 has a market cap of $74.28 billion, a P/E ratio of 12.56, a PEG ratio of 1.77 and a beta of 1.04. The stock's 50 day moving average price is $48.97 and its 200 day moving average price is $47.48.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The business had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp's dividend payout ratio is presently 52.77%.

Insider Activity at U.S. Bancorp

In related news, EVP James L. Chosy sold 21,451 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares of the company's stock, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Cecere sold 102,044 shares of U.S. Bancorp stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at $58,132,431. The trade was a 7.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Company 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.