U.S. Bancorp $USB Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in U.S. Bancorp by 105.5%, owning 1,114,791 shares valued at approximately $46.58 million as of the latest SEC filing.
• U.S. Bancorp reported $1.11 earnings per share for the last quarter, exceeding the consensus estimate of $1.07, with a revenue of $7.06 billion.
• The company declared a quarterly dividend of $0.50, resulting in an annualized yield of 4.4% and a dividend payout ratio of 47.85%.

Aberdeen Group plc increased its position in U.S. Bancorp (NYSE:USB - Free Report) by 105.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,114,791 shares of the financial services provider's stock after purchasing an additional 572,316 shares during the period. Aberdeen Group plc owned 0.07% of U.S. Bancorp worth $46,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in U.S. Bancorp during the 1st quarter valued at approximately $27,000. YANKCOM Partnership raised its stake in 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 last quarter. Alpine Bank Wealth Management purchased a new position in shares of U.S. Bancorp during the 1st quarter worth approximately $30,000. REAP Financial Group LLC raised 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 buying an additional 297 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock worth $31,000 after buying an additional 420 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other U.S. Bancorp 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 transaction of $1,099,509.18. Following the sale, the executive vice president 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

NYSE:USB traded up $0.1950 during trading hours on Wednesday, reaching $46.4050. 4,950,473 shares of the company traded hands, compared to its average volume of 10,586,336. The firm's 50-day moving average is $45.51 and its 200-day moving average is $43.81. The stock has a market cap of $72.21 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.45 and a beta of 1.01. 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 has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio is 47.85%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on USB shares. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. TD Cowen started coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 target price for the company. Citigroup increased their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson increased 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 stock a "neutral" rating in a report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.55.

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.