U.S. Bancorp (NYSE:USB) Holdings Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in U.S. Bancorp (NYSE:USB) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,779 shares of the financial services provider’s stock after acquiring an additional 271 shares during the period. Oregon Public Employees Retirement Fund’s holdings in U.S. Bancorp were worth $6,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its holdings in shares of U.S. Bancorp by 3.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,683 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 311 shares in the last quarter. Impact Investors Inc bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $341,000. Fjell Capital LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $216,000. Advisor OS LLC boosted its holdings in shares of U.S. Bancorp by 5.5% in the fourth quarter. Advisor OS LLC now owns 6,385 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 332 shares in the last quarter. Finally, DMKC Advisory Services LLC bought a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $4,169,000. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Performance

NYSE:USB opened at $45.67 on Thursday. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm’s fifty day simple moving average is $47.96 and its 200 day simple moving average is $47.77. 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 $71.24 billion, a PE ratio of 12.05, a PEG ratio of 1.73 and a beta of 1.04.

U.S. Bancorp (NYSE:USB) last posted its 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 business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period last year, the business posted $0.99 EPS. U.S. Bancorp’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 4.38%. U.S. Bancorp’s dividend payout ratio is 52.77%.

Analysts Set New Price Targets

Several research firms have recently issued reports on USB. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Thursday, December 19th. Evercore ISI increased their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Oppenheimer increased their target price on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Barclays increased their target price on shares of U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley cut 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 research note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, U.S. Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $54.21.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Terrance R. Dolan sold 66,317 shares of the firm’s 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 sale, the insider now directly owns 209,482 shares in the company, valued at $9,837,274.72. This trade represents a 24.05 % 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 firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the completion of the sale, the chief executive officer now owns 1,230,316 shares in the company, valued at $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last ninety days. Insiders own 0.23% of the company’s stock.

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.