Arbejdsmarkedets Tillaegspension Buys Shares of 485,934 U.S. Bancorp $USB

Arbejdsmarkedets Tillaegspension purchased a new stake in U.S. Bancorp (NYSE:USBFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 485,934 shares of the financial services provider’s stock, valued at approximately $25,273,000.

Several other hedge funds have also recently modified their holdings of USB. J. Safra Sarasin Holding AG boosted its stake in shares of U.S. Bancorp by 8.3% during the first quarter. J. Safra Sarasin Holding AG now owns 20,267 shares of the financial services provider’s stock valued at $1,053,000 after purchasing an additional 1,545 shares in the last quarter. Global Assets Advisory LLC bought a new stake in U.S. Bancorp during the 1st quarter valued at $64,000. Anchor Investment Management LLC boosted its position in U.S. Bancorp by 115.6% during the 1st quarter. Anchor Investment Management LLC now owns 6,900 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 3,700 shares in the last quarter. ARQ Wealth Advisors LLC increased its holdings in shares of U.S. Bancorp by 633.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 99,644 shares of the financial services provider’s stock valued at $5,183,000 after acquiring an additional 86,059 shares during the period. Finally, Diversify Wealth Management LLC raised its position in shares of U.S. Bancorp by 84.4% in the 1st quarter. Diversify Wealth Management LLC now owns 13,810 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 6,322 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Key U.S. Bancorp News

Here are the key news stories impacting U.S. Bancorp this week:

U.S. Bancorp Stock Up 0.1%

NYSE:USB opened at $62.49 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a twelve month low of $43.46 and a twelve month high of $63.39. The company has a market cap of $96.93 billion, a PE ratio of 13.10, a P/E/G ratio of 1.07 and a beta of 0.96. The company’s 50 day moving average is $57.18 and its two-hundred day moving average is $55.80.

U.S. Bancorp (NYSE:USBGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. Analysts anticipate that U.S. Bancorp will post 5.11 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 43.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $75.00 in a research report on Monday, July 6th. JPMorgan Chase & Co. boosted their target price on shares of U.S. Bancorp from $57.50 to $65.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. DA Davidson restated a “buy” rating and issued a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. Weiss Ratings raised shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Stephens started coverage on shares of U.S. Bancorp in a research note on Monday, June 15th. They issued an “equal weight” rating and a $63.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.31.

Read Our Latest Analysis on U.S. Bancorp

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider owned 207,251 shares in the company, valued at $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.

About U.S. Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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