Oxford Asset Management LLP Has $1.74 Million Holdings in U.S. Bancorp (NYSE:USB)

Oxford Asset Management LLP raised its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 393.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,270 shares of the financial services provider's stock after acquiring an additional 28,921 shares during the quarter. U.S. Bancorp comprises 0.9% of Oxford Asset Management LLP's investment portfolio, making the stock its 11th biggest holding. Oxford Asset Management LLP's holdings in U.S. Bancorp were worth $1,735,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in USB. Morse Asset Management Inc purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth about $229,000. Wealthquest Corp purchased a new stake in U.S. Bancorp in the 3rd quarter worth approximately $1,160,000. Pine Valley Investments Ltd Liability Co purchased a new stake in U.S. Bancorp in the 3rd quarter worth approximately $229,000. World Investment Advisors LLC increased its holdings in U.S. Bancorp by 6.0% in the 3rd quarter. World Investment Advisors LLC now owns 52,619 shares of the financial services provider's stock valued at $2,406,000 after acquiring an additional 2,988 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in U.S. Bancorp by 126.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 44,819 shares of the financial services provider's stock valued at $2,050,000 after purchasing an additional 24,992 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Activity

In other U.S. Bancorp news, EVP James L. Chosy sold 21,451 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $47.65, for a total value of $1,022,140.15. Following the completion of the sale, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Aleem Gillani bought 5,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $37.32 per share, with a total value of $186,600.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 219,812 shares of company stock worth $10,385,665. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

USB has been the subject of several research reports. Royal Bank of Canada lowered their price target on shares of 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. Barclays dropped their price target on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. DA Davidson decreased their price target on U.S. Bancorp from $54.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Truist Financial decreased their price target on U.S. Bancorp from $51.00 to $48.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Citigroup decreased their price target on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating for the company in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus target price of $50.48.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.27 during trading hours on Thursday, hitting $40.61. 3,798,723 shares of the company were exchanged, compared to its average volume of 9,066,648. The business has a 50-day moving average of $41.33 and a 200-day moving average of $46.49. The stock has a market capitalization of $63.26 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.73 and a beta of 0.91. 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted 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 net margin of 14.75% and a return on equity of 12.94%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the firm posted $0.78 EPS. As a group, analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Monday, March 31st. U.S. Bancorp's payout ratio is currently 49.50%.

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.