U.S. Bancorp $USB Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in U.S. Bancorp (NYSE:USB) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,690,174 shares of the financial services provider’s stock after buying an additional 357,300 shares during the quarter. Nordea Investment Management AB owned 0.17% of U.S. Bancorp worth $144,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guerra Advisors Inc acquired a new stake in U.S. Bancorp in the 3rd quarter valued at about $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in U.S. Bancorp during the third quarter worth about $26,000. Hillsdale Investment Management Inc. purchased a new stake in shares of U.S. Bancorp in the second quarter valued at about $27,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the third quarter valued at approximately $28,000. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on USB. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, January 21st. Barclays upped their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Wolfe Research downgraded U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada boosted their price target on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Evercore upped their price objective on U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.02.

Insider Buying and Selling

In related news, insider Mark G. Runkel sold 32,195 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $60.65, for a total transaction of $1,952,626.75. Following the transaction, the insider directly owned 97,728 shares in the company, valued at approximately $5,927,203.20. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

U.S. Bancorp Stock Down 0.0%

Shares of NYSE USB opened at $51.28 on Monday. The firm has a market cap of $79.60 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.87 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $61.19. The firm’s 50 day moving average price is $55.44 and its 200 day moving average price is $51.72.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.07. U.S. Bancorp had a return on equity of 13.48% and a net margin of 17.66%.The company had revenue of $7.92 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the firm posted $1.07 EPS. U.S. Bancorp’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. U.S. Bancorp’s dividend payout ratio is presently 45.02%.

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.