Fjarde AP Fonden Increases Stake in U.S. Bancorp

Fjarde AP Fonden Fourth Swedish National Pension Fund has increased its investment in U.S. Bancorp (NYSE:USB) by 2.3% during the fourth quarter. According to the latest filings with the Securities and Exchange Commission, the fund now holds 389,701 shares after acquiring an additional 8,600 shares in this period. The current value of Fjarde AP Fonden's holdings in U.S. Bancorp is approximately $18.64 million.

Interest from Other Investors

Other large investors have also been active in modifying their positions in U.S. Bancorp. For example, Brooklyn Investment Group raised its stake by 4.4% in the last quarter, now owning 4,792 shares valued at about $219,000 after purchasing an additional 201 shares. Similarly, Capital Performance Advisors LLP increased its stake by 2.6%, bringing their total to 8,188 shares worth $392,000. HCR Wealth Advisors also raised its stake by 1.1%, now holding 20,107 shares valued at $962,000. Other investors like Priebe Wealth Holdings LLC and Essex Savings Bank have also increased their stakes, contributing to institutional investors collectively holding about 77.60% of the stock.

Analysts and Price Targets

Several analysts have recently adjusted their price targets for U.S. Bancorp. Piper Sandler moved the company from a "neutral" to an "overweight" rating, setting a price target of $58.00. Similarly, Raymond James upgraded its rating to "outperform" with a target of $57.00. Barclays raised its price target to $61.00, while Truist Financial introduced coverage with a "hold" rating and a $54.00 target. Meanwhile, Wells Fargo increased its price target from $60.00 to $62.00, maintaining an "overweight" rating. Currently, analysts have assigned U.S. Bancorp a consensus rating of "Moderate Buy" with an average price target of $54.21.

U.S. Bancorp Stock Performance

As of the last trading session, shares of U.S. Bancorp were priced at $45.88. The firm boasts a market capitalization of $71.57 billion and a price-to-earnings ratio of 12.10. The stock has demonstrated a 52-week low of $37.81 and a high of $53.98. Recently, the company announced its quarterly earnings, reporting $1.07 earnings per share, which exceeded analysts' expectations of $1.06.

Dividends and Insider Activities

U.S. Bancorp made headlines by paying a quarterly dividend of $0.50 per share on January 15. This translates to an annualized dividend of $2.00, offering a yield of approximately 4.36%. In addition to dividend announcements, there has been notable insider activity: CEO Andrew Cecere sold over 102,000 shares recently, while other executives also made significant sales, highlighting a shift in insider ownership.

About U.S. Bancorp

U.S. Bancorp serves as a financial services holding company, providing a range of services to individuals, businesses, and institutions across the United States. Its operations span various segments including Wealth Management, Commercial Banking, and Payment Services.

investment, finance, stock