Janus Henderson Group PLC Has $32.49 Million Stock Position in U.S. Bancorp $USB

Janus Henderson Group PLC grew its stake in U.S. Bancorp (NYSE:USB) by 4.5% during the 1st quarter, HoldingsChannel reports. The firm owned 624,662 shares of the financial services provider’s stock after acquiring an additional 27,168 shares during the quarter. Janus Henderson Group PLC’s holdings in U.S. Bancorp were worth $32,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Clayton Financial Group LLC acquired a new stake in U.S. Bancorp in the 4th quarter valued at $25,000. Financial Life Planners acquired a new position in U.S. Bancorp during the first quarter worth $27,000. Main Street Group LTD acquired a new position in U.S. Bancorp during the first quarter worth $28,000. Rossby Financial LCC lifted its holdings in shares of U.S. Bancorp by 57.8% during the fourth quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 212 shares during the period. Finally, NFSG Corp acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at $31,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $63.00 on Monday. The business’s 50-day simple moving average is $59.82 and its 200 day simple moving average is $56.71. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a market cap of $97.72 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.03 and a beta of 0.96. U.S. Bancorp has a 12-month low of $43.46 and a 12-month high of $64.84.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, July 16th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.07. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same period in the previous year, the business posted $1.11 EPS. As a group, research analysts anticipate that U.S. Bancorp will post 5.22 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. U.S. Bancorp’s payout ratio is currently 41.52%.

Insider Buying and Selling

In related news, EVP Venkatachari Dilip sold 34,522 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total value of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This represents a 40.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider directly owned 74,969 shares in the company, valued at approximately $4,729,044.52. The trade was a 32.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of U.S. Bancorp from $67.50 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, July 17th. UBS Group boosted their price target on shares of U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price objective on shares of U.S. Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Finally, Stephens upped their price target on shares of U.S. Bancorp from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, U.S. Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

About U.S. Bancorp

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.