U.S. Bancorp $USB Stock Position Decreased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in U.S. Bancorp by 16.7%, holding 118,073 shares worth approximately $4.99 million after selling 23,751 shares in the first quarter.
• U.S. Bancorp reported earnings of $1.11 per share for the last quarter, surpassing analysts' expectations of $1.07, while revenue was slightly below forecasts at $7.06 billion.
• The company declared a quarterly dividend of $0.50 per share, representing a 4.1% dividend yield and a payout ratio of 47.85%.

B. Metzler seel. Sohn & Co. AG decreased its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 16.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,073 shares of the financial services provider's stock after selling 23,751 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in U.S. Bancorp were worth $4,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the first quarter valued at $27,000. REAP Financial Group LLC boosted its stake in shares of U.S. Bancorp by 86.1% in the fourth 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 during the last quarter. YANKCOM Partnership boosted 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 worth $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of U.S. Bancorp during the first quarter worth $30,000. Finally, Rakuten Securities Inc. grew its holdings in shares of U.S. Bancorp by 1,212.1% during the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock worth $32,000 after buying an additional 703 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on USB. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Truist Financial lifted their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group lifted their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. TD Cowen started coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price objective for the company. Finally, DA Davidson increased 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.55.

Insider Buying and Selling

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

U.S. Bancorp Trading Up 0.4%

USB traded up $0.20 during trading on Friday, hitting $48.87. The company's stock had a trading volume of 12,069,872 shares, compared to its average volume of 7,839,136. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The stock has a market cap of $76.05 billion, a PE ratio of 11.69, a PEG ratio of 1.53 and a beta of 1.01. The firm's 50 day moving average price is $46.25 and its 200-day moving average price is $43.87. 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 (NYSE:USB - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued 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 4.1%. U.S. Bancorp's payout ratio is currently 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.