Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in U.S. Bancorp $USB

Healthcare of Ontario Pension Plan Trust Fund decreased its position in U.S. Bancorp (NYSE:USB) by 17.4% in the 1st quarter, Holdings Channel reports. The fund owned 1,322,632 shares of the financial services provider’s stock after selling 278,817 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in U.S. Bancorp were worth $68,790,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Clayton Financial Group LLC purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at $25,000. Financial Life Planners purchased a new stake in U.S. Bancorp during the 1st quarter worth $27,000. Main Street Group LTD purchased a new stake in U.S. Bancorp during the 1st quarter worth $28,000. JPL Wealth Management LLC acquired a new position in U.S. Bancorp in the 3rd quarter worth $28,000. Finally, Binnacle Investments Inc lifted its holdings in U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after buying an additional 273 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

USB stock opened at $63.91 on Friday. The stock’s 50 day simple moving average is $58.89 and its 200 day simple moving average is $56.42. U.S. Bancorp has a 12-month low of $43.46 and a 12-month high of $64.84. The firm has a market cap of $99.14 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.05 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. As a group, equities research analysts predict that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 41.52%.

Insider Activity at U.S. Bancorp

In related news, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on USB. Citigroup restated a “buy” rating on shares of U.S. Bancorp in a research note on Tuesday. Stephens boosted their price target on U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their price objective on U.S. Bancorp from $61.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Oppenheimer lifted their price objective on U.S. Bancorp from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $67.00.

About U.S. Bancorp

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.