New York State Teachers Retirement System Lowers Holdings in U.S. Bancorp (NYSE:USB)

New York State Teachers Retirement System reduced its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,369,786 shares of the financial services provider's stock after selling 36,701 shares during the period. New York State Teachers Retirement System owned 0.09% of U.S. Bancorp worth $65,517,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kanawha Capital Management LLC lifted its position in U.S. Bancorp by 0.8% during the 4th quarter. Kanawha Capital Management LLC now owns 222,544 shares of the financial services provider's stock valued at $10,644,000 after acquiring an additional 1,840 shares during the period. Asset Planning Inc purchased a new position in U.S. Bancorp during the 4th quarter valued at about $58,000. Banque Pictet & Cie SA purchased a new position in U.S. Bancorp during the 4th quarter valued at about $239,000. Compagnie Lombard Odier SCmA lifted its position in U.S. Bancorp by 44.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 86,500 shares of the financial services provider's stock valued at $4,137,000 after acquiring an additional 26,419 shares during the period. Finally, Values Added Financial LLC lifted its position in U.S. Bancorp by 50.3% during the 4th quarter. Values Added Financial LLC now owns 6,971 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 2,333 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the sale, the insider now directly owns 209,482 shares of the company's stock, valued at $9,837,274.72. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew Cecere sold 102,044 shares of the business's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on USB. Deutsche Bank Aktiengesellschaft cut shares of U.S. Bancorp from a "buy" rating to a "hold" rating and set a $51.00 target price for the company. in a report on Thursday, October 24th. Barclays lifted 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. DA Davidson raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Morgan Stanley decreased their target price on shares of U.S. Bancorp from $60.00 to $59.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Citigroup raised shares of U.S. Bancorp from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.21.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.14 during trading hours on Tuesday, hitting $47.89. 5,459,106 shares of the company's stock traded hands, compared to its average volume of 9,164,594. The business's fifty day moving average price is $48.54 and its two-hundred day moving average price is $47.58. 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 firm has a market capitalization of $74.71 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.77 and a beta of 1.04. U.S. Bancorp has a 52 week low of $37.81 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. Equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.18%. U.S. Bancorp's dividend payout ratio (DPR) is 52.77%.

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.