Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 8,600 Shares of U.S. Bancorp (NYSE:USB)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of U.S. Bancorp (NYSE:USB) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 389,701 shares of the financial services provider’s stock after purchasing an additional 8,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in U.S. Bancorp were worth $18,639,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of USB. Winch Advisory Services LLC boosted its holdings in U.S. Bancorp by 1,088.9% during the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 490 shares during the period. FPC Investment Advisory Inc. purchased a new position in U.S. Bancorp during the 4th quarter valued at $28,000. Frazier Financial Advisors LLC boosted its holdings in U.S. Bancorp by 222.7% during the 3rd quarter. Frazier Financial Advisors LLC now owns 639 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 441 shares during the period. Global Wealth Strategies & Associates boosted its holdings in U.S. Bancorp by 70.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 603 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in U.S. Bancorp during the 4th quarter valued at $30,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on USB. Barclays boosted their price objective on U.S. Bancorp from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Truist Financial began coverage on U.S. Bancorp in a report on Tuesday, January 7th. They set a “hold” rating and a $54.00 price objective for the company. Compass Point boosted their price objective on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup upgraded U.S. Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $65.00 in a report on Monday, November 25th. Finally, Raymond James upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Thursday, December 19th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.21.

U.S. Bancorp Trading Down 1.9 %

Shares of NYSE:USB opened at $45.88 on Friday. The business’s 50-day moving average is $48.19 and its 200 day moving average is $47.68. U.S. Bancorp has a 1 year low of $37.81 and a 1 year high of $53.98. The firm has a market capitalization of $71.57 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the company posted $0.99 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio is currently 52.77%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total transaction of $4,821,579.00. Following the transaction, the chief executive officer now owns 1,230,316 shares in the company, valued at approximately $58,132,431. This represents a 7.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,812 shares of company stock valued at $10,385,665 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

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.