Mubadala Investment Co PJSC Acquires Shares of 81,186 U.S. Bancorp (NYSE:USB)

Mubadala Investment Co PJSC acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 81,186 shares of the financial services provider's stock, valued at approximately $3,883,000. U.S. Bancorp comprises about 0.0% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in U.S. Bancorp by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 138,836,896 shares of the financial services provider's stock worth $6,640,569,000 after buying an additional 1,079,056 shares during the last quarter. FMR LLC grew its stake in shares of U.S. Bancorp by 5.0% during the 4th quarter. FMR LLC now owns 67,125,746 shares of the financial services provider's stock worth $3,210,624,000 after purchasing an additional 3,211,815 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of U.S. Bancorp by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,789,725 shares of the financial services provider's stock worth $2,381,443,000 after purchasing an additional 2,460,845 shares during the period. Geode Capital Management LLC grew its stake in U.S. Bancorp by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 33,937,360 shares of the financial services provider's stock valued at $1,618,948,000 after acquiring an additional 850,763 shares during the period. Finally, Amundi grew its stake in U.S. Bancorp by 7.4% in the 4th quarter. Amundi now owns 19,485,615 shares of the financial services provider's stock valued at $945,268,000 after acquiring an additional 1,341,407 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Up 0.8%

Shares of U.S. Bancorp stock traded up $0.34 on Friday, reaching $44.92. 7,369,199 shares of the company were exchanged, compared to its average volume of 9,134,675. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a market cap of $69.98 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. 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 stock's 50 day moving average price is $40.72 and its 200-day moving average price is $46.04.

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

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Monday, March 31st. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on USB shares. Keefe, Bruyette & Woods decreased their price objective on U.S. Bancorp from $54.00 to $49.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on U.S. Bancorp from $56.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley reduced their price target on U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays reduced their price target 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. Finally, Bank of America reduced their price target on U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, Director Aleem Gillani purchased 5,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $37.32 per share, with a total value of $186,600.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at $559,800. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate 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.