Bayforest Capital Ltd Has $458,000 Holdings in U.S. Bancorp $USB

Key Points

• Bayforest Capital Ltd increased its holdings in U.S. Bancorp by 3,702.6% in Q2, owning 10,115 shares worth $458,000 following an additional purchase of 9,849 shares.
• U.S. Bancorp announced a quarterly dividend increase to **$0.52** per share, with a dividend yield of **4.4%** and a payout ratio of **49.76%**.
• Analysts have mixed ratings for U.S. Bancorp, with a consensus rating of **"Moderate Buy"** and a price target of **$53.11**, showing a potential for growth following several target upgrades.

Bayforest Capital Ltd lifted its position in U.S. Bancorp (NYSE:USB - Free Report) by 3,702.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,115 shares of the financial services provider's stock after purchasing an additional 9,849 shares during the quarter. Bayforest Capital Ltd's holdings in U.S. Bancorp were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USB. Saudi Central Bank bought a new position in shares of U.S. Bancorp during the 1st quarter worth about $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp in the first quarter worth about $27,000. YANKCOM Partnership lifted its stake in U.S. Bancorp by 59.4% during the first 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 period. Alpine Bank Wealth Management acquired a new stake in U.S. Bancorp during the first quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. grew its stake in shares of U.S. Bancorp by 1,212.1% in the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 703 shares during the period. 77.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on USB. UBS Group raised their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Weiss Ratings restated a "buy (b-)" rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Evercore ISI upped their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Oppenheimer decreased their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.11.

U.S. Bancorp Stock Up 1.9%

Shares of NYSE:USB opened at $47.06 on Wednesday. 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 $73.23 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.35 and a beta of 1.06. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The company's 50-day moving average price is $47.84 and its two-hundred day moving average price is $44.75.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business earned $0.98 earnings per share. U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. U.S. Bancorp's payout ratio is 49.76%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

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.

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