Robeco Institutional Asset Management B.V. increased its holdings in U.S. Bancorp (NYSE:USB) by 12.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 613,561 shares of the financial services provider’s stock after buying an additional 66,028 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in U.S. Bancorp were worth $30,989,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of USB. Virtue Capital Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at about $102,000. Meeder Asset Management Inc. acquired a new position in U.S. Bancorp during the 4th quarter valued at about $106,000. Delpha Capital Management LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at about $109,000. James Hambro & Partners acquired a new position in U.S. Bancorp during the 4th quarter valued at about $110,000. Finally, Cerebellum GP LLC acquired a new position in U.S. Bancorp during the 4th quarter valued at about $123,000. 74.51% of the stock is owned by institutional investors and hedge funds.
USB stock opened at $51.50 on Monday. U.S. Bancorp has a 52 week low of $49.03 and a 52 week high of $58.50. The stock has a market cap of $84.59 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 0.82.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. U.S. Bancorp’s payout ratio is currently 35.09%.
In related news, EVP Craig E. Gifford sold 45,890 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $55.35, for a total value of $2,540,011.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Gillern Jeffry H. Von sold 13,641 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.02, for a total transaction of $750,527.82. Following the completion of the sale, the insider now owns 126,387 shares in the company, valued at $6,953,812.74. The disclosure for this sale can be found here. Insiders sold a total of 168,016 shares of company stock worth $9,356,775 over the last quarter. Insiders own 0.43% of the company’s stock.
USB has been the subject of a number of analyst reports. Vining Sparks reissued a “buy” rating and set a $61.00 target price on shares of U.S. Bancorp in a research note on Friday, April 6th. Royal Bank of Canada boosted their target price on shares of U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Zacks Investment Research raised shares of U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 target price on shares of U.S. Bancorp in a research note on Thursday, April 5th. Finally, Morgan Stanley boosted their target price on shares of U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $58.38.
U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.
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