83,749 Shares in U.S. Bancorp $USB Purchased by Sciencast Management LP

Key Points

• Sciencast Management LP acquired 83,749 shares of U.S. Bancorp, valued at approximately $3.5 million, marking a significant investment in the financial services provider.
• Several institutional investors increased their stakes in U.S. Bancorp, demonstrating strong interest in the company; 77.60% of the stock is now owned by hedge funds and other institutions.
• U.S. Bancorp recently announced a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 4.1%.

Sciencast Management LP acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,749 shares of the financial services provider's stock, valued at approximately $3,536,000.

A number of other institutional investors also recently bought and sold shares of USB. Brighton Jones LLC increased its position in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 242 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of U.S. Bancorp by 202.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,100 shares of the financial services provider's stock valued at $435,000 after acquiring an additional 6,096 shares during the last quarter. Clark Capital Management Group Inc. increased its position in shares of U.S. Bancorp by 5.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 10,375 shares of the financial services provider's stock valued at $496,000 after acquiring an additional 527 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of U.S. Bancorp by 1.0% during the fourth quarter. Focus Partners Wealth now owns 395,552 shares of the financial services provider's stock valued at $18,931,000 after acquiring an additional 4,073 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 stock was 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 represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Oppenheimer raised their price objective 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. The Goldman Sachs Group raised their price objective 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. Finally, Truist Financial raised their price objective 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. 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 given a Sell rating to the company's stock. According to data from MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $52.55.

U.S. Bancorp Stock Down 0.7%

Shares of NYSE:USB opened at $48.81 on Monday. The firm's 50 day moving average price is $46.63 and its 200 day moving average price is $43.87. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its 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 firm had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

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 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio is presently 47.85%.

About U.S. Bancorp

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.

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