U.S. Bancorp $USB Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in U.S. Bancorp by 17.4% in the first quarter, now owning approximately 10 million shares valued at $425.16 million.
• Institutional investors and hedge funds collectively own 77.60% of U.S. Bancorp's stock, with other notable investors including Vanguard Group and Goldman Sachs increasing their positions.
• U.S. Bancorp declared a quarterly dividend of $0.50 per share, representing a 4.3% yield, and has recently outperformed earnings expectations with a reported EPS of $1.11.

American Century Companies Inc. boosted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 17.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,070,174 shares of the financial services provider's stock after purchasing an additional 1,493,318 shares during the quarter. American Century Companies Inc. owned about 0.65% of U.S. Bancorp worth $425,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brandywine Global Investment Management LLC grew its holdings in U.S. Bancorp by 12.3% in the first quarter. Brandywine Global Investment Management LLC now owns 472,254 shares of the financial services provider's stock worth $19,939,000 after purchasing an additional 51,616 shares during the period. Aberdeen Group plc grew its holdings in U.S. Bancorp by 105.5% in the first quarter. Aberdeen Group plc now owns 1,114,791 shares of the financial services provider's stock worth $46,582,000 after purchasing an additional 572,316 shares during the period. Dimensional Fund Advisors LP grew its holdings in U.S. Bancorp by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,537,191 shares of the financial services provider's stock worth $360,410,000 after purchasing an additional 22,074 shares during the period. Black Cypress Capital Management LLC grew its holdings in U.S. Bancorp by 12.9% in the first quarter. Black Cypress Capital Management LLC now owns 278,565 shares of the financial services provider's stock worth $11,761,000 after purchasing an additional 31,798 shares during the period. Finally, Horizon Investments LLC grew its holdings in U.S. Bancorp by 4.0% in the first quarter. Horizon Investments LLC now owns 30,125 shares of the financial services provider's stock worth $1,272,000 after purchasing an additional 1,164 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

USB has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. DA Davidson increased their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. TD Cowen initiated coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. 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 report on Wednesday, July 2nd. Finally, The Goldman Sachs Group increased their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Up 0.2%

NYSE USB traded up $0.0940 during trading on Tuesday, reaching $46.2040. 5,596,851 shares of the company's stock traded hands, compared to its average volume of 10,623,384. The company's 50 day simple moving average is $45.49 and its two-hundred day simple moving average is $43.79. 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 12-month low of $35.18 and a 12-month high of $53.98. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS 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. Investors of record on Monday, June 30th were paid a $0.50 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 completion of the sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by company insiders.

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.