Fjarde AP Fonden Fourth Swedish National Pension Fund Has $13.19 Million Stock Position in U.S. Bancorp $USB

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in U.S. Bancorp (NYSE:USB) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 247,119 shares of the financial services provider’s stock after selling 14,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in U.S. Bancorp were worth $13,186,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in U.S. Bancorp by 2.4% during the 3rd quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after acquiring an additional 41,803 shares during the period. Danske Bank A S acquired a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $37,162,000. Nordea Investment Management AB lifted its stake in shares of U.S. Bancorp by 15.3% in the 4th quarter. Nordea Investment Management AB now owns 2,690,174 shares of the financial services provider’s stock valued at $144,462,000 after purchasing an additional 357,300 shares during the period. Roman Butler Fullerton & Co. bought a new stake in shares of U.S. Bancorp during the 3rd quarter valued at about $893,000. Finally, Edgemoor Investment Advisors Inc. boosted its position in shares of U.S. Bancorp by 726.1% during the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 67,832 shares of the financial services provider’s stock valued at $3,278,000 after purchasing an additional 59,621 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.4%

Shares of NYSE:USB opened at $55.70 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52-week low of $42.55 and a 52-week high of $61.19. The business’s 50 day simple moving average is $54.71 and its two-hundred day simple moving average is $54.16. The firm has a market cap of $86.39 billion, a P/E ratio of 11.68, a PEG ratio of 1.00 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 firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a yield of 3.7%. U.S. Bancorp’s dividend payout ratio is presently 43.61%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on USB shares. JPMorgan Chase & Co. lowered their target price on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating for the company in a report on Thursday, April 30th. DA Davidson restated a “buy” rating and set a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. Morgan Stanley set a $64.00 price objective on shares of U.S. Bancorp in a research note on Friday, April 17th. Weiss Ratings upgraded shares of U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $60.00 target price on shares of U.S. Bancorp in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and an average price target of $61.20.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp 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 transaction, the insider owned 207,251 shares of the company’s stock, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

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.