Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in U.S. Bancorp (NYSE:USB – Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,119 shares of the financial services provider’s stock after selling 14,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in U.S. Bancorp were worth $13,186,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in USB. Norges Bank bought a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $1,887,497,000. SG Americas Securities LLC boosted its stake in U.S. Bancorp by 3,451.9% in the 4th quarter. SG Americas Securities LLC now owns 4,332,659 shares of the financial services provider’s stock valued at $231,191,000 after purchasing an additional 4,210,676 shares during the period. Davis Selected Advisers boosted its stake in U.S. Bancorp by 13.4% in the 4th quarter. Davis Selected Advisers now owns 22,041,759 shares of the financial services provider’s stock valued at $1,176,148,000 after purchasing an additional 2,610,197 shares during the period. AQR Capital Management LLC boosted its stake in U.S. Bancorp by 354.5% in the 2nd quarter. AQR Capital Management LLC now owns 2,855,350 shares of the financial services provider’s stock valued at $129,205,000 after purchasing an additional 2,227,103 shares during the period. Finally, Vanguard Group Inc. boosted its stake in U.S. Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider’s stock valued at $7,810,665,000 after purchasing an additional 1,828,404 shares during the period. Institutional investors own 77.60% of the company’s stock.
Insider Buying and Selling
In related news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This trade represents a 16.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the sale, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on U.S. Bancorp
U.S. Bancorp Stock Performance
Shares of U.S. Bancorp stock opened at $55.70 on Friday. U.S. Bancorp has a fifty-two week low of $42.55 and a fifty-two week high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $86.39 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.00 and a beta of 0.97. The company’s 50 day moving average price is $54.71 and its two-hundred day moving average price is $54.16.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, equities analysts forecast that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.
U.S. Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.
U.S. Bancorp Profile
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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