Caxton Associates LLP Acquires Shares of 25,465 U.S. Bancorp $USB

Key Points

• Caxton Associates LLP has acquired 25,465 shares of U.S. Bancorp, valued approximately at $1,075,000, as disclosed in their 13F filing.
• U.S. Bancorp has received a consensus rating of Moderate Buy from analysts, with price targets ranging from $49.00 to $67.00.
• The company announced a quarterly dividend of $0.52, an increase from the previous $0.50, representing a 4.2% yield.

Caxton Associates LLP bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,465 shares of the financial services provider's stock, valued at approximately $1,075,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in U.S. Bancorp during the first quarter valued at $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp in the first quarter valued at $27,000. REAP Financial Group LLC boosted its stake in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after acquiring an additional 297 shares in the last quarter. YANKCOM Partnership grew its position in shares of 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 acquiring an additional 260 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp during the 1st quarter valued at about $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on USB. Citigroup raised their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Oppenheimer boosted their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Evercore ISI boosted their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 4th. Finally, Truist Financial boosted their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 0.4%

Shares of U.S. Bancorp stock traded down $0.19 during mid-day trading on Friday, hitting $49.13. The stock had a trading volume of 8,103,162 shares, compared to its average volume of 8,405,860. The firm has a 50-day moving average of $46.85 and a two-hundred day moving average of $44.01. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market cap of $76.46 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share 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. Stockholders of record on Tuesday, September 30th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

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.