U.S. Bancorp (USB) Position Raised by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in U.S. Bancorp (NYSE:USB) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,226,329 shares of the financial services provider’s stock after purchasing an additional 572,794 shares during the quarter. Janus Henderson Group PLC’s holdings in U.S. Bancorp were worth $708,794,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 1.7% in the second quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares during the last quarter. Franklin Resources Inc. increased its holdings in U.S. Bancorp by 0.7% in the second quarter. Franklin Resources Inc. now owns 16,019,884 shares of the financial services provider’s stock valued at $831,753,000 after purchasing an additional 110,571 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in U.S. Bancorp by 2.4% in the third quarter. First Eagle Investment Management LLC now owns 11,901,940 shares of the financial services provider’s stock valued at $637,825,000 after purchasing an additional 276,373 shares during the last quarter. American Century Companies Inc. increased its holdings in U.S. Bancorp by 20.9% in the second quarter. American Century Companies Inc. now owns 9,184,921 shares of the financial services provider’s stock valued at $476,881,000 after purchasing an additional 1,590,023 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in U.S. Bancorp by 21.0% in the second quarter. Fiera Capital Corp now owns 8,280,657 shares of the financial services provider’s stock valued at $429,932,000 after purchasing an additional 1,438,835 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

Shares of U.S. Bancorp (USB) opened at $56.15 on Friday. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.69. The stock has a market capitalization of $93,180.00, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. U.S. Bancorp’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. sell-side analysts predict that U.S. Bancorp will post 3.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. U.S. Bancorp’s dividend payout ratio is currently 34.19%.

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their price objective on U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a report on Thursday. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday. Jefferies Group restated a “buy” rating and issued a $63.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Vining Sparks restated a “buy” rating and issued a $64.00 price target on shares of U.S. Bancorp in a report on Monday, January 8th. Finally, Piper Jaffray Companies upgraded U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. U.S. Bancorp currently has an average rating of “Hold” and an average target price of $56.56.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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