Janus Henderson Group PLC Sells 17,575 Shares of U.S. Bancorp (NYSE:USB)

Janus Henderson Group PLC lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 828,111 shares of the financial services provider's stock after selling 17,575 shares during the period. Janus Henderson Group PLC owned 0.05% of U.S. Bancorp worth $39,626,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fiduciary Alliance LLC acquired a new position in U.S. Bancorp during the fourth quarter worth about $296,000. Capital Investment Advisors LLC boosted its position in shares of U.S. Bancorp by 18.9% during the 4th quarter. Capital Investment Advisors LLC now owns 7,149 shares of the financial services provider's stock valued at $342,000 after purchasing an additional 1,135 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of U.S. Bancorp by 96.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 15,531 shares of the financial services provider's stock worth $743,000 after purchasing an additional 7,633 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of U.S. Bancorp by 22.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 11,363 shares of the financial services provider's stock worth $543,000 after purchasing an additional 2,062 shares in the last quarter. Finally, First Financial Corp IN bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on USB shares. Truist Financial decreased their price target on shares of U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Citigroup reduced their price objective on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Morgan Stanley cut their target price on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada decreased their price target on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Barclays cut their price objective on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $50.89.

U.S. Bancorp Stock Performance

USB traded down $0.20 on Tuesday, hitting $44.59. The company had a trading volume of 766,970 shares, compared to its average volume of 9,079,141. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80. The company's fifty day moving average price is $40.85 and its 200 day moving average price is $45.96. The stock has a market cap of $69.47 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. U.S. Bancorp had a return on equity of 12.94% and a net margin of 14.75%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. U.S. Bancorp's payout ratio is 49.50%.

Insider Transactions at U.S. Bancorp

In related news, Director Aleem Gillani purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $37.32 per share, with a total value of $186,600.00. Following the purchase, the director now directly owns 15,000 shares in the company, valued at $559,800. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

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.