Livforsakringsbolaget Skandia Omsesidigt Acquires 1,500 Shares of U.S. Bancorp (NYSE:USB)

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of U.S. Bancorp (NYSE:USB) by 135.4% in the fourth quarter, HoldingsChannel reports. The fund owned 2,608 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in U.S. Bancorp were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the 4th quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in U.S. Bancorp during the 4th quarter worth $27,000. Legacy Financial Group LLC acquired a new position in U.S. Bancorp in the third quarter valued at $30,000. Finally, First Command Advisory Services Inc. acquired a new position in U.S. Bancorp in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other news, insider Terrance R. Dolan sold 26,583 shares of U.S. Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the sale, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total value of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at approximately $6,255,515.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on USB shares. Royal Bank of Canada boosted their price target on shares of U.S. Bancorp from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday. StockNews.com lowered U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. TheStreet raised shares of U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.91.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $39.44 on Friday. The firm has a market cap of $61.45 billion, a P/E ratio of 13.06, a P/E/G ratio of 2.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. The firm’s 50 day moving average price is $42.31 and its 200-day moving average price is $39.72. U.S. Bancorp has a one year low of $27.27 and a one year high of $45.85.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. As a group, equities research analysts predict that U.S. Bancorp will post 3.87 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio (DPR) is 64.90%.

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.