U.S. Bancorp (NYSE:USB) Shares Purchased by Man Group plc

Man Group plc increased its stake in U.S. Bancorp (NYSE:USB - Free Report) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,258 shares of the financial services provider's stock after buying an additional 11,926 shares during the period. Man Group plc's holdings in U.S. Bancorp were worth $2,308,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new position in U.S. Bancorp during the 4th quarter valued at about $26,000. FPC Investment Advisory Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $30,000. Picton Mahoney Asset Management purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.78 on Tuesday, hitting $43.72. 3,631,300 shares of the company's stock traded hands, compared to its average volume of 9,085,868. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.11. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm's 50-day moving average price is $40.98 and its two-hundred day moving average price is $45.75. The firm has a market capitalization of $68.11 billion, a PE ratio of 11.54, a P/E/G ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.92 billion. During the same period in the previous year, the business posted $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's dividend payout ratio is currently 49.50%.

Insider Activity at U.S. Bancorp

In other news, Director Aleem Gillani bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Cowen assumed coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Bank of America cut their price objective on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group cut their price objective on shares of U.S. Bancorp from $51.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Raymond James reaffirmed an "outperform" rating and issued a $51.00 price objective (down previously from $57.00) on shares of U.S. Bancorp in a research report on Thursday, April 17th. Finally, Citigroup cut their price objective on shares of U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.