U.S. Bancorp $USB Shares Sold by Doliver Advisors LP

Doliver Advisors LP cut its holdings in shares of U.S. Bancorp (NYSE:USB) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,729 shares of the financial services provider’s stock after selling 558 shares during the period. Doliver Advisors LP’s holdings in U.S. Bancorp were worth $1,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen LLC purchased a new position in U.S. Bancorp in the first quarter valued at about $138,183,000. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after purchasing an additional 2,393,383 shares in the last quarter. GAMMA Investing LLC raised its position in shares of U.S. Bancorp by 4,160.7% in the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider’s stock valued at $65,340,000 after purchasing an additional 1,511,293 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of U.S. Bancorp by 17.4% during the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after buying an additional 1,493,318 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of U.S. Bancorp during the fourth quarter worth approximately $64,257,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $49.13 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $76.46 billion, a PE ratio of 11.75, a P/E/G ratio of 1.55 and a beta of 1.05. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The business’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $44.01.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.52 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a yield of 4.2%. U.S. Bancorp’s payout ratio is currently 47.85%.

Analyst Ratings Changes

Several research firms recently issued reports on USB. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Citigroup upped their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group lifted their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Morgan Stanley upped their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $52.55.

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.