U.S. Bancorp (NYSE:USB) Stake Boosted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its stake in shares of U.S. Bancorp (NYSE:USB) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 185,814 shares of the financial services provider’s stock after acquiring an additional 1,299 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in U.S. Bancorp were worth $9,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC grew its holdings in shares of U.S. Bancorp by 1,088.9% during the fourth quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 490 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $26,000. FPC Investment Advisory Inc. bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of U.S. Bancorp during the fourth quarter worth approximately $30,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $44.20 on Thursday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock has a fifty day moving average of $40.68 and a 200-day moving average of $46.07. The company has a market capitalization of $68.86 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.50%.

Insider Activity

In other news, Director Aleem Gillani bought 5,000 shares of the business’s stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on USB shares. Oppenheimer boosted their price objective on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on U.S. Bancorp from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Barclays reduced their price objective on U.S. Bancorp from $61.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price objective on U.S. Bancorp from $56.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.48.

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.