Janus Henderson Group PLC Has $38.67 Million Stake in U.S. Bancorp (NYSE:USB)

Janus Henderson Group PLC grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 229.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 845,686 shares of the financial services provider's stock after buying an additional 588,999 shares during the period. Janus Henderson Group PLC owned approximately 0.05% of U.S. Bancorp worth $38,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in U.S. Bancorp by 32.7% during the third quarter. FMR LLC now owns 63,913,931 shares of the financial services provider's stock valued at $2,922,784,000 after purchasing an additional 15,746,852 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of U.S. Bancorp by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,328,880 shares of the financial services provider's stock valued at $2,164,350,000 after buying an additional 1,796,336 shares during the period. Davis Selected Advisers increased its position in shares of U.S. Bancorp by 0.3% in the 2nd quarter. Davis Selected Advisers now owns 14,228,444 shares of the financial services provider's stock valued at $564,869,000 after buying an additional 43,437 shares in the last quarter. Bank of New York Mellon Corp raised its stake in U.S. Bancorp by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,312,930 shares of the financial services provider's stock worth $528,523,000 after buying an additional 94,841 shares during the period. Finally, Legal & General Group Plc lifted its holdings in U.S. Bancorp by 2.7% during the second quarter. Legal & General Group Plc now owns 12,376,977 shares of the financial services provider's stock worth $491,364,000 after acquiring an additional 325,374 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 0.1 %

USB traded up $0.06 during trading on Friday, reaching $52.18. 4,683,487 shares of the stock were exchanged, compared to its average volume of 7,113,583. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.81 and a current ratio of 0.81. The stock's 50 day moving average price is $49.13 and its two-hundred day moving average price is $44.84. U.S. Bancorp has a twelve month low of $37.81 and a twelve month high of $53.98. The stock has a market cap of $81.40 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. U.S. Bancorp had a net margin of 12.92% and a return on equity of 12.91%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the business earned $1.05 EPS. U.S. Bancorp's revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts expect that U.S. Bancorp will post 3.93 EPS for the current year.

U.S. Bancorp announced that its board has authorized a share buyback program on Thursday, September 12th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.50 per share. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Monday, September 30th. U.S. Bancorp's payout ratio is currently 61.16%.

Insider Buying and Selling

In other U.S. Bancorp news, insider Jodi L. Richard sold 25,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $49.03, for a total value of $1,225,750.00. Following the transaction, the insider now directly owns 129,790 shares of the company's stock, valued at $6,363,603.70. This represents a 16.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on USB shares. Royal Bank of Canada set a $53.00 price target on U.S. Bancorp in a research report on Thursday, October 17th. Evercore ISI raised their target price on shares of U.S. Bancorp from $51.00 to $54.00 and gave the stock an "in-line" rating in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on shares of U.S. Bancorp from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, September 11th. Stephens raised their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised shares of U.S. Bancorp from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $54.00 to $57.00 in a research report on Monday, September 30th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $52.72.

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.