Intact Investment Management Inc. Purchases 8,500 Shares of U.S. Bancorp (NYSE:USB)

Intact Investment Management Inc. boosted its holdings in shares of U.S. Bancorp (NYSE:USB) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 111,700 shares of the financial services provider’s stock after purchasing an additional 8,500 shares during the period. Intact Investment Management Inc.’s holdings in U.S. Bancorp were worth $5,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp increased its stake in U.S. Bancorp by 10.5% during the 3rd quarter. Sigma Planning Corp now owns 8,355 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 792 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of U.S. Bancorp during the third quarter worth $263,000. Prime Capital Investment Advisors LLC lifted its position in U.S. Bancorp by 35.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 13,270 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 3,491 shares in the last quarter. Empower Advisory Group LLC boosted its stake in U.S. Bancorp by 11.3% in the 3rd quarter. Empower Advisory Group LLC now owns 5,625 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 572 shares during the period. Finally, Metis Global Partners LLC increased its holdings in U.S. Bancorp by 8.9% during the 3rd quarter. Metis Global Partners LLC now owns 71,443 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 5,827 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, CEO Andrew Cecere sold 102,044 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $47.25, for a total value of $4,821,579.00. Following the transaction, the chief executive officer now directly owns 1,230,316 shares of the company’s stock, valued at $58,132,431. This represents a 7.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jodi L. Richard sold 30,000 shares of U.S. Bancorp stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $47.59, for a total value of $1,427,700.00. Following the sale, the insider now directly owns 99,790 shares of the company’s stock, valued at $4,749,006.10. This represents a 23.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,812 shares of company stock valued at $10,385,665 in the last three months. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

USB has been the topic of a number of research reports. Compass Point boosted their price target on U.S. Bancorp from $49.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company boosted their target price on U.S. Bancorp from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley decreased their price target on shares of U.S. Bancorp from $60.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Oppenheimer lifted their price objective on shares of U.S. Bancorp from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, DA Davidson upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.21.

U.S. Bancorp Price Performance

NYSE:USB opened at $42.06 on Friday. 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 12-month low of $37.81 and a 12-month high of $53.98. The stock’s 50 day moving average price is $46.90 and its two-hundred day moving average price is $47.77. The firm has a market capitalization of $65.53 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.73 and a beta of 1.02.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $7 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.75%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

U.S. Bancorp Company Profile

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.