8,551 Shares in U.S. Bancorp $USB Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of U.S. Bancorp (NYSE:USB) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 8,551 shares of the financial services provider’s stock, valued at approximately $520,000.

Other large investors also recently made changes to their positions in the company. Inceptionr LLC increased its holdings in U.S. Bancorp by 424.4% in the fourth quarter. Inceptionr LLC now owns 27,614 shares of the financial services provider’s stock worth $1,473,000 after buying an additional 22,348 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in U.S. Bancorp by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 10,369,212 shares of the financial services provider’s stock valued at $539,232,000 after acquiring an additional 93,025 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in U.S. Bancorp in the fourth quarter valued at approximately $2,856,000. Principal Financial Group Inc. grew its position in U.S. Bancorp by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,769,589 shares of the financial services provider’s stock worth $94,425,000 after acquiring an additional 49,733 shares in the last quarter. Finally, ABN Amro Investment Solutions increased its stake in shares of U.S. Bancorp by 7.9% during the 4th quarter. ABN Amro Investment Solutions now owns 252,961 shares of the financial services provider’s stock worth $13,498,000 after purchasing an additional 18,468 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

NYSE USB opened at $62.50 on Friday. U.S. Bancorp has a 1 year low of $45.02 and a 1 year high of $66.07. The company has a fifty day simple moving average of $62.84 and a 200 day simple moving average of $57.75. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.96. The company has a market cap of $97.38 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.02 and a beta of 0.96.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.58 billion. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. During the same quarter last year, the firm posted $1.11 EPS. On average, sell-side analysts predict that U.S. Bancorp will post 5.22 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a yield of 3.3%. U.S. Bancorp’s dividend payout ratio is presently 41.52%.

Insider Buying and Selling at U.S. Bancorp

In other news, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total value of $2,328,030.48. Following the sale, the insider owned 74,969 shares in the company, valued at approximately $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on USB. Stephens raised their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of U.S. Bancorp in a research report on Friday, July 31st. UBS Group raised their target price on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. CLSA set a $67.50 price target on U.S. Bancorp in a research report on Monday, July 20th. Finally, Raymond James Financial initiated coverage on U.S. Bancorp in a research note on Wednesday, July 8th. They set a “strong-buy” rating and a $72.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

U.S. Bancorp Company 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.