Teacher Retirement System of Texas Has $15.39 Million Stock Position in U.S. Bancorp (NYSE:USB)

Teacher Retirement System of Texas grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 321,744 shares of the financial services provider's stock after purchasing an additional 119,511 shares during the period. Teacher Retirement System of Texas' holdings in U.S. Bancorp were worth $15,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in USB. International Assets Investment Management LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at about $1,018,000. M&T Bank Corp grew its position in shares of U.S. Bancorp by 2.8% in the 3rd quarter. M&T Bank Corp now owns 846,344 shares of the financial services provider's stock valued at $38,704,000 after purchasing an additional 22,803 shares during the period. D.A. Davidson & CO. increased its stake in U.S. Bancorp by 11.3% during the 4th quarter. D.A. Davidson & CO. now owns 380,767 shares of the financial services provider's stock worth $18,212,000 after purchasing an additional 38,802 shares in the last quarter. Keystone Financial Planning Inc. raised its holdings in U.S. Bancorp by 29.5% during the 4th quarter. Keystone Financial Planning Inc. now owns 72,614 shares of the financial services provider's stock worth $3,473,000 after buying an additional 16,552 shares during the period. Finally, Hilltop Holdings Inc. lifted its stake in U.S. Bancorp by 184.3% in the third quarter. Hilltop Holdings Inc. now owns 70,283 shares of the financial services provider's stock valued at $3,214,000 after buying an additional 45,560 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

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U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.04 during mid-day trading on Wednesday, hitting $43.74. 9,585,235 shares of the company's stock traded hands, compared to its average volume of 8,063,606. 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 firm has a 50 day simple moving average of $46.11 and a two-hundred day simple moving average of $47.63. U.S. Bancorp has a fifty-two week low of $37.81 and a fifty-two week high of $53.98. The stock has a market cap of $68.15 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.73 and a beta of 1.02.

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, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7 billion. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.50 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. U.S. Bancorp's payout ratio is presently 52.77%.

Insider Activity at U.S. Bancorp

In related news, insider Jodi L. Richard sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the completion of the sale, the insider now directly owns 99,790 shares in the company, valued at approximately $4,749,006.10. The trade was a 23.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Terrance R. Dolan sold 66,317 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at approximately $9,837,274.72. This trade represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,812 shares of company stock worth $10,385,665. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

USB has been the subject of several research reports. Truist Financial assumed coverage on shares of U.S. Bancorp in a research report on Tuesday, January 7th. They set a "hold" rating and a $54.00 price objective for the company. Compass Point lifted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Raymond James raised U.S. Bancorp from a "market perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research report on Thursday, December 19th. Barclays increased their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Bank of America lowered their price target on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $53.48.

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.