Robeco Institutional Asset Management B.V. Grows Stake in U.S. Bancorp $USB

Robeco Institutional Asset Management B.V. raised its position in shares of U.S. Bancorp (NYSE:USB) by 78.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146,871 shares of the financial services provider’s stock after buying an additional 503,223 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in U.S. Bancorp were worth $51,896,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new position in U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp during the 1st quarter valued at approximately $27,000. YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in U.S. Bancorp during the 1st quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. grew its holdings in U.S. Bancorp by 1,212.1% during the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after buying an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

USB opened at $47.91 on Friday. The business has a fifty day moving average of $47.57 and a 200 day moving average of $44.51. The stock has a market cap of $74.56 billion, a P/E ratio of 11.46, a PEG ratio of 1.50 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is 49.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on USB shares. The Goldman Sachs Group raised their price target on U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, June 10th. Evercore ISI lifted their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday. Truist Financial lifted their target price on U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the stock an “equal weight” rating in a report on Monday. Finally, Oppenheimer dropped their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.26.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

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.