Tokio Marine Asset Management Co. Ltd. Grows Position in U.S. Bancorp (NYSE:USB)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,157 shares of the financial services provider’s stock after acquiring an additional 1,813 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in U.S. Bancorp were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mosaic Family Wealth Partners LLC boosted its holdings in U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 265 shares during the period. Wealth Alliance boosted its holdings in U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock valued at $2,131,000 after acquiring an additional 266 shares during the period. Perkins Capital Management Inc. boosted its holdings in U.S. Bancorp by 2.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,984 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 300 shares during the period. Cigna Investments Inc. New boosted its holdings in U.S. Bancorp by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 16,632 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 308 shares during the period. Finally, Essex Savings Bank boosted its holdings in U.S. Bancorp by 2.7% during the 4th quarter. Essex Savings Bank now owns 11,685 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 309 shares during the period. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other U.S. Bancorp news, insider Terrance R. Dolan sold 26,583 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $43.37, for a total transaction of $1,152,904.71. Following the transaction, the insider now owns 144,236 shares in the company, valued at $6,255,515.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.47, for a total value of $895,005.54. Following the transaction, the executive vice president now owns 164,880 shares in the company, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on U.S. Bancorp from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Oppenheimer lowered their target price on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group upped their target price on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Morgan Stanley upped their target price on U.S. Bancorp from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, HSBC upgraded U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.14.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.39 during mid-day trading on Friday, reaching $41.38. The stock had a trading volume of 351,881 shares, compared to its average volume of 8,653,530. The business’s fifty day moving average is $42.35 and its 200-day moving average is $40.04. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. The firm has a market cap of $64.48 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.16 and a beta of 1.05. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts forecast that U.S. Bancorp will post 3.86 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.74%. U.S. Bancorp’s payout ratio is 64.90%.

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.