Tokio Marine Asset Management Co. Ltd. Raises Stock Position in U.S. Bancorp (NYSE:USB)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,351 shares of the financial services provider’s stock after purchasing an additional 1,786 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in U.S. Bancorp were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in USB. Brighton Jones LLC raised its holdings in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter valued at $230,000. Mariner LLC grew its position in U.S. Bancorp by 9.3% during the fourth quarter. Mariner LLC now owns 510,301 shares of the financial services provider’s stock valued at $24,408,000 after buying an additional 43,438 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in U.S. Bancorp during the fourth quarter valued at $239,000. Finally, Jump Financial LLC grew its position in U.S. Bancorp by 399.1% during the fourth quarter. Jump Financial LLC now owns 40,940 shares of the financial services provider’s stock valued at $1,958,000 after buying an additional 32,738 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays dropped their price target on shares of U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. DA Davidson lifted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Royal Bank Of Canada dropped their target price on shares of U.S. Bancorp from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Cowen started coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.55.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB stock opened at $46.62 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50-day moving average is $45.37 and its two-hundred day moving average is $43.90. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company has a market capitalization of $72.54 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. U.S. Bancorp’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp’s payout ratio is 47.85%.

U.S. Bancorp 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.