Canada Post Corp Registered Pension Plan Boosts Holdings in U.S. Bancorp $USB

Canada Post Corp Registered Pension Plan increased its position in shares of U.S. Bancorp (NYSE:USB) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,854 shares of the financial services provider’s stock after buying an additional 11,260 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in U.S. Bancorp were worth $12,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in U.S. Bancorp by 0.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 479,950 shares of the financial services provider’s stock valued at $25,610,000 after acquiring an additional 3,241 shares in the last quarter. WealthPlan Investment Management LLC bought a new position in U.S. Bancorp in the fourth quarter worth about $217,000. Lawood & Co. acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $275,000. AlphaCore Capital LLC boosted its stake in U.S. Bancorp by 12.3% in the fourth quarter. AlphaCore Capital LLC now owns 25,245 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 2,764 shares during the period. Finally, DNB Asset Management AS grew its holdings in shares of U.S. Bancorp by 1.4% during the fourth quarter. DNB Asset Management AS now owns 308,608 shares of the financial services provider’s stock valued at $16,467,000 after purchasing an additional 4,337 shares during the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on USB shares. Royal Bank Of Canada boosted their price objective on U.S. Bancorp from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Evercore boosted their price target on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Thursday, February 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of U.S. Bancorp in a report on Thursday, April 16th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley set a $64.00 target price on shares of U.S. Bancorp in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.20.

Insider Activity

In related news, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Venkatachari Dilip sold 34,522 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.21% of the company’s stock.

U.S. Bancorp Trading Down 0.5%

U.S. Bancorp stock opened at $53.15 on Friday. U.S. Bancorp has a 12-month low of $42.21 and a 12-month high of $61.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $82.50 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The firm has a 50 day simple moving average of $53.91 and a 200-day simple moving average of $53.39.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.27 billion. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, equities research analysts expect that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.52 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. U.S. Bancorp’s dividend payout ratio is 43.61%.

U.S. Bancorp Company Profile

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.