Siren L.L.C. Makes New Investment in U.S. Bancorp $USB

Key Points

• Siren L.L.C. purchased 12,500 shares of U.S. Bancorp, valued at approximately $528,000, in the first quarter according to their SEC filing.
• U.S. Bancorp's stock opened at $48.73 with a market cap of $75.83 billion, a PE ratio of 11.66, and a 52-week range between $35.18 and $53.98.
• The company reported earnings of $1.11 EPS for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.50 with a yield of 4.1%.

Siren L.L.C. bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,500 shares of the financial services provider's stock, valued at approximately $528,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Morgan Stanley increased their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. DA Davidson raised their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group upped their price target on 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 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 0.7%

USB traded down $0.35 during trading hours on Tuesday, hitting $48.48. 5,274,057 shares of the company's stock were exchanged, compared to its average volume of 10,518,644. The firm has a market cap of $75.45 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $46.34 and a 200 day moving average of $43.83.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data 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. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter last year, the business posted $0.98 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 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.