Voleon Capital Management LP Purchases Shares of 149,656 U.S. Bancorp $USB

Voleon Capital Management LP purchased a new stake in shares of U.S. Bancorp (NYSE:USB) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 149,656 shares of the financial services provider’s stock, valued at approximately $6,318,000.

Several other institutional investors have also added to or reduced their stakes in USB. Nuveen LLC purchased a new stake in U.S. Bancorp during the 1st quarter valued at $138,183,000. Vanguard Group Inc. boosted its position in U.S. Bancorp by 1.7% during 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 buying an additional 2,393,383 shares during the period. GAMMA Investing LLC boosted its position in U.S. Bancorp by 4,160.7% during 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 buying an additional 1,511,293 shares during the period. American Century Companies Inc. boosted its position in 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 period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in U.S. Bancorp during the 4th quarter valued at $64,257,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

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 transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on USB shares. Citigroup increased their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Truist Financial lifted their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group lifted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.55.

U.S. Bancorp Trading Down 0.7%

Shares of NYSE USB opened at $48.81 on Monday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The stock has a market cap of $75.96 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The firm has a 50-day moving average of $46.63 and a 200 day moving average of $43.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $0.98 EPS. U.S. Bancorp’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is 47.85%.

U.S. Bancorp 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.