Point72 Europe London LLP Has $483,000 Stake in U.S. Bancorp (NYSE:USB)

Point72 Europe London LLP lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 97.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,100 shares of the financial services provider's stock after selling 327,500 shares during the period. Point72 Europe London LLP's holdings in U.S. Bancorp were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. J.Safra Asset Management Corp acquired a new position in U.S. Bancorp in the fourth quarter worth $26,000. Winch Advisory Services LLC boosted its holdings in shares of U.S. Bancorp by 1,088.9% in the 4th quarter. Winch Advisory Services LLC now owns 535 shares of the financial services provider's stock valued at $26,000 after buying an additional 490 shares during the period. FPC Investment Advisory Inc. bought a new stake in shares of U.S. Bancorp during the 4th quarter valued at about $28,000. Stonebridge Financial Group LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $30,000. Finally, Picton Mahoney Asset Management acquired a new position in U.S. Bancorp during the 4th quarter valued at approximately $30,000. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded down $0.16 during mid-day trading on Monday, reaching $44.76. The company had a trading volume of 5,717,471 shares, compared to its average volume of 9,112,099. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $40.79 and a 200-day moving average of $45.98. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The firm has a market cap of $69.74 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 1.73 and a beta of 0.97.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.92 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. During the same period in the previous year, the business earned $0.78 EPS. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.47%. U.S. Bancorp's dividend payout ratio (DPR) is presently 49.50%.

Analysts Set New Price Targets

Several research firms recently commented on USB. The Goldman Sachs Group lowered their target price on 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. Morgan Stanley decreased their price objective on shares of U.S. Bancorp from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Bank of America cut their target price on shares of U.S. Bancorp from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. restated an "underweight" rating and set a $43.50 price objective (down from $51.00) on shares of U.S. Bancorp in a research report on Thursday, April 3rd. Finally, Raymond James reiterated an "outperform" rating and issued a $51.00 target price (down previously from $57.00) on shares of U.S. Bancorp in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Insiders Place Their Bets

In related news, Director Aleem Gillani purchased 5,000 shares of U.S. Bancorp stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $186,600.00. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $559,800. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.23% of the company's stock.

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.