391,643 Shares in U.S. Bancorp $USB Purchased by Nykredit A S

Nykredit A S bought a new stake in shares of U.S. Bancorp (NYSE:USB) during the second quarter, Holdings Channel reports. The fund bought 391,643 shares of the financial services provider’s stock, valued at approximately $23,655,000.

Several other large investors have also modified their holdings of the business. Financial Life Planners bought a new position in shares of U.S. Bancorp during the first quarter valued at approximately $27,000. Main Street Group LTD purchased a new stake in U.S. Bancorp during the first quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new position in U.S. Bancorp in the third quarter worth $28,000. Archer Investment Corp acquired a new position in shares of U.S. Bancorp during the second quarter worth $29,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of U.S. Bancorp during the 2nd quarter valued at $30,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

NYSE:USB opened at $63.55 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $99.01 billion, a PE ratio of 12.68, a P/E/G ratio of 1.11 and a beta of 0.95. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07. The company has a fifty day moving average of $63.02 and a two-hundred day moving average of $57.83.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.07. The business had revenue of $7.69 billion for the quarter, compared to analyst estimates 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 business earned $1.11 earnings per share. As a group, research analysts forecast that U.S. Bancorp will post 5.22 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on USB shares. Morgan Stanley boosted their target price on U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 6th. BTIG Research set a $67.50 price objective on U.S. Bancorp in a report on Monday, July 20th. UBS Group upped their price objective on U.S. Bancorp from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Raymond James Financial began coverage on shares of U.S. Bancorp in a report on Wednesday, July 8th. They issued a “strong-buy” rating and a $72.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.06.

Insider Buying and Selling

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 completion of the transaction, the insider owned 74,969 shares of the company’s stock, valued at $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gunjan Kedia sold 27,267 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $62.37, for a total value of $1,700,642.79. Following the completion of the transaction, the chief executive officer owned 426,262 shares in the company, valued at approximately $26,585,960.94. This trade represents a 6.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.

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.