Northwestern Mutual Wealth Management Co. Acquires 24,392 Shares of U.S. Bancorp $USB

by · The Markets Daily

Northwestern Mutual Wealth Management Co. increased its holdings in U.S. Bancorp (NYSE:USB – Free Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,121 shares of the financial services provider’s stock after buying an additional 24,392 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in U.S. Bancorp were worth $13,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Intech Investment Management LLC increased its position in shares of U.S. Bancorp by 15.4% during the fourth quarter. Intech Investment Management LLC now owns 159,974 shares of the financial services provider’s stock worth $8,536,000 after purchasing an additional 21,325 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in shares of U.S. Bancorp by 1.9% during the fourth quarter. CFS Investment Advisory Services LLC now owns 19,668 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 366 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of U.S. Bancorp by 2.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 14,214 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 296 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of U.S. Bancorp during the fourth quarter worth $50,000. Finally, Huntington National Bank increased its position in shares of U.S. Bancorp by 3.2% during the fourth quarter. Huntington National Bank now owns 998,581 shares of the financial services provider’s stock worth $53,284,000 after purchasing an additional 31,174 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on USB. Barclays upped their target price on U.S. Bancorp from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Morgan Stanley set a $64.00 target price on U.S. Bancorp in a research report on Friday, April 17th. Oppenheimer upped their target price on U.S. Bancorp from $73.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their target price on U.S. Bancorp from $58.00 to $57.50 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $60.00 target price on shares of U.S. Bancorp in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.20.

View Our Latest Stock Report on USB

U.S. Bancorp Price Performance

NYSE:USB opened at $53.54 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. U.S. Bancorp has a 52 week low of $42.55 and a 52 week high of $61.19. The stock’s 50-day moving average price is $54.47 and its 200-day moving average price is $54.01. The stock has a market capitalization of $83.11 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company earned $1.03 earnings per share. U.S. Bancorp’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that U.S. Bancorp will post 5.09 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given 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 (DPR) is 43.61%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 51,292 shares of the company’s stock, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jodi L. Richard sold 40,000 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total value of $2,280,000.00. Following the completion of the sale, the insider directly owned 207,251 shares in the company, valued at $11,813,307. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

U.S. Bancorp Company Profile

(Free Report)

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.

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