Meitav Dash Investments Ltd. purchased a new position in U.S. Bancorp (NYSE:USB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the financial services provider’s stock, valued at approximately $216,000.
A number of other large investors have also made changes to their positions in USB. Janus Henderson Group PLC increased its position in U.S. Bancorp by 5,598.0% during the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after buying an additional 12,431,466 shares in the last quarter. Two Sigma Advisers LP increased its position in U.S. Bancorp by 229.8% during the 4th quarter. Two Sigma Advisers LP now owns 5,057,267 shares of the financial services provider’s stock valued at $270,968,000 after buying an additional 3,524,027 shares in the last quarter. Truepoint Inc. increased its position in U.S. Bancorp by 5,417.9% during the 3rd quarter. Truepoint Inc. now owns 3,070,777 shares of the financial services provider’s stock valued at $3,071,000 after buying an additional 3,015,126 shares in the last quarter. Millennium Management LLC increased its position in U.S. Bancorp by 5,097.5% during the 4th quarter. Millennium Management LLC now owns 2,347,864 shares of the financial services provider’s stock valued at $125,799,000 after buying an additional 2,302,691 shares in the last quarter. Finally, Stifel Financial Corp increased its position in U.S. Bancorp by 5,557.0% during the 3rd quarter. Stifel Financial Corp now owns 2,020,912 shares of the financial services provider’s stock valued at $108,264,000 after buying an additional 1,985,188 shares in the last quarter. 74.20% of the stock is currently owned by institutional investors.
In other news, EVP Craig E. Gifford sold 45,890 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $55.35, for a total value of $2,540,011.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman P.W. Parker sold 98,485 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $55.95, for a total value of $5,510,235.75. The disclosure for this sale can be found here. Insiders sold 168,016 shares of company stock worth $9,356,775 in the last 90 days. Company insiders own 0.43% of the company’s stock.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a return on equity of 13.89% and a net margin of 25.91%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts forecast that U.S. Bancorp will post 4.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.37%. U.S. Bancorp’s payout ratio is 34.09%.
Several brokerages recently issued reports on USB. Vining Sparks reaffirmed a “hold” rating and set a $61.00 target price on shares of U.S. Bancorp in a research report on Thursday, January 25th. Zacks Investment Research raised U.S. Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 target price on the stock. in a research report on Wednesday, January 31st. Royal Bank of Canada upped their target price on U.S. Bancorp to $61.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley upped their target price on U.S. Bancorp from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.64.
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U.S. Bancorp Company Profile
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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