Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in U.S. Bancorp $USB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of U.S. Bancorp (NYSE:USB) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 361,570 shares of the financial services provider’s stock after selling 12,128 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in U.S. Bancorp were worth $19,293,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Welch & Forbes LLC lifted its stake in shares of U.S. Bancorp by 1.3% during the 4th quarter. Welch & Forbes LLC now owns 24,605 shares of the financial services provider’s stock worth $1,313,000 after purchasing an additional 308 shares during the period. Edgemoor Investment Advisors Inc. raised its position in shares of U.S. Bancorp by 24.2% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 84,231 shares of the financial services provider’s stock worth $4,495,000 after buying an additional 16,399 shares during the period. Norges Bank acquired a new position in U.S. Bancorp in the fourth quarter valued at $1,887,497,000. Eurizon Capital SGR S.p.A. acquired a new position in U.S. Bancorp in the fourth quarter valued at $58,576,000. Finally, Zhang Financial LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Trading Up 0.0%

NYSE:USB opened at $54.87 on Monday. The business’s 50-day moving average is $54.42 and its two-hundred day moving average is $53.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 12 month low of $42.55 and a 12 month high of $61.19. The firm has a market capitalization of $85.17 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company posted $1.03 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that U.S. Bancorp will post 5.09 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.8%. U.S. Bancorp’s dividend payout ratio (DPR) is 43.61%.

Insider Activity

In other U.S. Bancorp news, insider Jodi L. Richard sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. This trade represents a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a report on Friday, April 17th. UBS Group reiterated a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Wednesday, February 4th. Oppenheimer lifted their target price on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Evercore lifted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

About U.S. Bancorp

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.