Robeco Institutional Asset Management B.V. Has $85.28 Million Stock Holdings in U.S. Bancorp $USB
by Renee Jackson · The Cerbat GemRobeco Institutional Asset Management B.V. raised its stake in shares of U.S. Bancorp (NYSE:USB – Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,598,256 shares of the financial services provider’s stock after purchasing an additional 175,724 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of U.S. Bancorp worth $85,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Chemung Canal Trust Co. boosted its holdings in U.S. Bancorp by 205.5% during the third quarter. Chemung Canal Trust Co. now owns 68,327 shares of the financial services provider’s stock valued at $3,302,000 after purchasing an additional 45,963 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of U.S. Bancorp by 2.4% in the 3rd quarter. Citigroup Inc. now owns 1,749,812 shares of the financial services provider’s stock worth $84,568,000 after acquiring an additional 41,803 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of U.S. Bancorp by 15.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 358,972 shares of the financial services provider’s stock worth $17,738,000 after acquiring an additional 47,537 shares in the last quarter. Synergy Asset Management LLC boosted its holdings in shares of U.S. Bancorp by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 119,962 shares of the financial services provider’s stock worth $5,428,000 after acquiring an additional 59,981 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of U.S. Bancorp in the 3rd quarter worth approximately $37,162,000. 77.60% of the stock is owned by institutional investors and hedge funds.
U.S. Bancorp Stock Down 0.0%
NYSE:USB opened at $55.66 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 12-month low of $36.48 and a 12-month high of $61.19. The stock’s fifty day simple moving average is $54.78 and its 200-day simple moving average is $52.10. The firm has a market capitalization of $86.39 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.01 and a beta of 1.01.
U.S. Bancorp (NYSE:USB – Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.
U.S. Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. U.S. Bancorp’s payout ratio is 45.02%.
Insider Activity at U.S. Bancorp
In related news, insider Mark G. Runkel sold 32,195 shares of U.S. Bancorp stock in a transaction on 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 completion of the sale, the insider directly owned 97,728 shares of the company’s stock, valued at $5,927,203.20. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by company insiders.
Analyst Ratings Changes
USB has been the topic of several recent analyst reports. Oppenheimer reduced their target price on U.S. Bancorp from $77.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. UBS Group reissued a “neutral” rating and issued a $60.00 target price on shares of U.S. Bancorp in a report on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on U.S. Bancorp from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on U.S. Bancorp from $58.00 to $59.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.26.
Get Our Latest Research Report on USB
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.