776,444 Shares in U.S. Bancorp (NYSE:USB) Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY bought a new stake in U.S. Bancorp (NYSE:USB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 776,444 shares of the financial services provider’s stock, valued at approximately $37,137,000.

Several other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its position in U.S. Bancorp by 16.9% in the third quarter. AMF Tjanstepension AB now owns 532,105 shares of the financial services provider’s stock valued at $24,401,000 after purchasing an additional 76,914 shares in the last quarter. Fermata Advisors LLC bought a new position in shares of U.S. Bancorp in the 3rd quarter valued at about $229,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of U.S. Bancorp by 352.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,809 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 9,201 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in U.S. Bancorp by 6.5% during the third quarter. Fiduciary Financial Group LLC now owns 9,245 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 566 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in U.S. Bancorp during the third quarter valued at approximately $204,000. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on USB shares. Stephens boosted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of U.S. Bancorp from $57.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research note on Thursday, October 24th. Finally, Morgan Stanley reduced their price objective on U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.21.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at approximately $9,440,751.55. This trade represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares in the company, valued at $9,837,274.72. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 219,812 shares of company stock valued at $10,385,665 in the last quarter. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Trading Down 1.1 %

USB opened at $47.22 on Friday. The stock has a market cap of $73.66 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The company has a fifty day moving average of $49.09 and a 200-day moving average of $47.44.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $7 billion. During the same period last year, the company posted $0.99 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, December 31st. U.S. Bancorp’s payout ratio is 52.77%.

About U.S. Bancorp

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.