Strs Ohio Acquires 74,738 Shares of U.S. Bancorp (NYSE:USB)

Strs Ohio lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,635 shares of the financial services provider’s stock after purchasing an additional 74,738 shares during the period. Strs Ohio’s holdings in U.S. Bancorp were worth $26,428,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Scotia Capital Inc. raised its stake in shares of U.S. Bancorp by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 990 shares during the period. Tealwood Asset Management Inc. raised its stake in U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 15,665 shares during the period. Van ECK Associates Corp raised its stake in U.S. Bancorp by 19.4% in the 3rd quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after acquiring an additional 1,410,324 shares during the period. SG Americas Securities LLC raised its stake in U.S. Bancorp by 104.3% in the 4th quarter. SG Americas Securities LLC now owns 105,090 shares of the financial services provider’s stock valued at $4,548,000 after acquiring an additional 53,653 shares during the period. Finally, Deane Retirement Strategies Inc. bought a new stake in U.S. Bancorp in the 4th quarter valued at about $2,095,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer lowered their price objective on U.S. Bancorp from $61.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. StockNews.com cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. TheStreet upgraded U.S. Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods boosted their price objective on U.S. Bancorp from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Morgan Stanley boosted their price objective on U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.41.

Insiders Place Their Bets

In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other U.S. Bancorp news, insider Timothy A. Welsh sold 12,100 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $40.33, for a total value of $487,993.00. Following the completion of the sale, the insider now owns 106,958 shares of the company’s stock, valued at $4,313,616.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Terrance R. Dolan sold 26,583 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 144,236 shares of the company’s stock, valued at approximately $6,255,515.32. The disclosure for this sale can be found here. Insiders sold a total of 60,265 shares of company stock valued at $2,535,903 over the last quarter. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Down 0.3 %

Shares of NYSE USB opened at $41.45 on Tuesday. U.S. Bancorp has a 12 month low of $27.27 and a 12 month high of $45.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $64.58 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.15 and a beta of 1.05. The business has a 50-day moving average of $42.32 and a 200-day moving average of $39.67.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.71 by $0.28. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.85 billion. U.S. Bancorp had a return on equity of 14.89% and a net margin of 13.36%. U.S. Bancorp’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Sell-side analysts expect that U.S. Bancorp will post 3.87 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is currently 59.76%.

About U.S. Bancorp

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.