U.S. Bancorp (NYSE:USB) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,224,458 shares of the financial services provider's stock after buying an additional 31,646 shares during the period. The Manufacturers Life Insurance Company owned about 0.14% of U.S. Bancorp worth $106,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USB. Norges Bank bought a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $777,524,000. Invesco Ltd. boosted its position in shares of U.S. Bancorp by 48.1% during the 4th quarter. Invesco Ltd. now owns 16,787,513 shares of the financial services provider's stock valued at $802,947,000 after purchasing an additional 5,449,949 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of U.S. Bancorp by 153.0% during the 3rd quarter. Franklin Resources Inc. now owns 7,949,347 shares of the financial services provider's stock valued at $374,573,000 after purchasing an additional 4,807,662 shares in the last quarter. Marshall Wace LLP boosted its position in shares of U.S. Bancorp by 414.1% during the 4th quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after purchasing an additional 4,663,518 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $184,733,000. Institutional investors own 77.60% of the company's stock.

Insider Activity

In related news, insider Terrance R. Dolan sold 66,317 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total value of $3,114,246.32. Following the completion of the transaction, the insider now directly owns 209,482 shares of the company's stock, valued at approximately $9,837,274.72. This represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aleem Gillani acquired 5,000 shares of U.S. Bancorp 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 purchase, the director now owns 15,000 shares in the company, valued at $559,800. The trade was a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 219,812 shares of company stock worth $10,385,665 in the last quarter. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded up $0.18 during midday trading on Thursday, reaching $40.52. The stock had a trading volume of 7,192,048 shares, compared to its average volume of 9,090,429. The stock has a market cap of $63.14 billion, a PE ratio of 10.69, a P/E/G ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a fifty day simple moving average of $41.33 and a two-hundred day simple moving average of $46.49. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the business posted $0.78 EPS. As a group, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.94%. U.S. Bancorp's dividend payout ratio (DPR) is 49.50%.

Analyst Ratings Changes

USB has been the topic of several research analyst reports. Wolfe Research upgraded U.S. Bancorp from a "peer perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, April 3rd. Barclays lowered their price objective on U.S. Bancorp from $61.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Raymond James reissued an "outperform" rating and issued a $51.00 price objective (down from $57.00) on shares of U.S. Bancorp in a research note on Thursday, April 17th. Citigroup dropped their price target on U.S. Bancorp from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company dropped 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $50.48.

About U.S. Bancorp

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.