Boston Trust Walden Corp Sells 10,395 Shares of U.S. Bancorp $USB

Key Points

• Boston Trust Walden Corp has reduced its holdings in U.S. Bancorp by 4.1%, selling 10,395 shares and now owns 245,601 shares valued at $11.11 million.
• reported earnings of $1.11 per share for the latest quarter, surpassing analysts' expectations of $1.07, along with a revenue of $7.06 billion.
• The company has announced an increase in its quarterly dividend from $0.50 to $0.52 per share, with a yield of 4.4%.

Boston Trust Walden Corp trimmed its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,601 shares of the financial services provider's stock after selling 10,395 shares during the quarter. Boston Trust Walden Corp's holdings in U.S. Bancorp were worth $11,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Saudi Central Bank purchased a new position in U.S. Bancorp during the first quarter valued at $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp in the first quarter worth $27,000. YANKCOM Partnership increased its position in U.S. Bancorp by 59.4% during the first 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 bought a new stake in U.S. Bancorp during the first quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of U.S. Bancorp by 118.0% in the first 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. Institutional investors own 77.60% of the company's stock.

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 stock has a market cap of $73.23 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The business's 50 day moving average is $47.84 and its 200 day moving average is $44.75. U.S. Bancorp has a 52-week low of $35.18 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The business 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%.The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This is a boost 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 yield of 4.4%. U.S. Bancorp's payout ratio is 49.76%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent research reports. Weiss Ratings restated a "buy (b-)" rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. Oppenheimer reduced their price target on U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Citigroup increased their price target on U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Evercore ISI increased their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Finally, Truist Financial increased their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average price target of $53.11.

Insider Transactions at U.S. Bancorp

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 of the company's stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company's stock.

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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