Elo Mutual Pension Insurance Co Has $4.07 Million Position in U.S. Bancorp $USB

Elo Mutual Pension Insurance Co grew its stake in shares of U.S. Bancorp (NYSE:USB) by 31.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,160 shares of the financial services provider’s stock after acquiring an additional 20,346 shares during the period. Elo Mutual Pension Insurance Co’s holdings in U.S. Bancorp were worth $4,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USB. Guerra Advisors Inc acquired a new position in U.S. Bancorp in the 3rd quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $26,000. Hillsdale Investment Management Inc. acquired a new position in U.S. Bancorp in the second quarter worth approximately $27,000. Pineridge Advisors LLC raised its position in U.S. Bancorp by 446.2% during the second quarter. Pineridge Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 522 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in U.S. Bancorp in the third quarter valued at approximately $31,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USB has been the topic of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. HSBC reiterated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a report on Wednesday, January 7th. DA Davidson boosted their price target on U.S. Bancorp from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Truist Financial upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $61.00 to $66.00 in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada raised their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $60.02.

U.S. Bancorp Trading Down 1.2%

Shares of NYSE:USB opened at $53.98 on Wednesday. The company has a market cap of $83.87 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.98 and a beta of 1.04. The stock’s 50-day moving average is $56.16 and its 200-day moving average is $51.34. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $61.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The business had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.52 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.02%.

Insider Buying and Selling

In related news, insider Mark G. Runkel sold 32,195 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the completion of the transaction, the insider directly owned 97,728 shares in the company, valued at $5,927,203.20. This represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.