National Pension Service Has $246.05 Million Stock Holdings in U.S. Bancorp $USB

National Pension Service lifted its position in shares of U.S. Bancorp (NYSE:USB) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,073,695 shares of the financial services provider’s stock after purchasing an additional 62,925 shares during the period. National Pension Service owned about 0.26% of U.S. Bancorp worth $246,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $27,000. Main Street Group LTD acquired a new position in shares of U.S. Bancorp during the first quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the third quarter worth $28,000. Archer Investment Corp bought a new stake in shares of U.S. Bancorp in the second quarter worth $29,000. Finally, Parvin Asset Management LLC acquired a new stake in U.S. Bancorp in the second quarter valued at $30,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on USB shares. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $75.00 in a research report on Monday, July 6th. Morgan Stanley increased their price target on U.S. Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Weiss Ratings restated a “buy (b)” rating on shares of U.S. Bancorp in a research report on Friday, July 31st. UBS Group lifted their price objective on U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.06.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, insider Stephen L. Philipson sold 36,906 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the transaction, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the sale, the chief executive officer directly owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Price Performance

USB stock opened at $62.39 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The firm has a market cap of $97.20 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.10 and a beta of 0.95. The company’s fifty day simple moving average is $63.17 and its 200 day simple moving average is $57.99. U.S. Bancorp has a 12-month low of $45.02 and a 12-month high of $66.07.

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

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.54 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 30th. U.S. Bancorp’s payout ratio is 41.52%.

U.S. Bancorp Profile

U.S. Bancorp (NYSE:USB) is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.

Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.