U.S. Bancorp $USB Shares Acquired by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC has increased its stake in U.S. Bancorp by 12.3%, acquiring an additional 51,616 shares, bringing its total holdings to 472,254 shares valued at nearly $20 million.
• Wall Street analysts have shown optimism for U.S. Bancorp, with firms such as Raymond James upgrading the stock to a "strong-buy" rating and increasing the target price from $51 to $57.
• U.S. Bancorp recently declared a quarterly dividend of $0.50, reflecting an annualized yield of 4.4%, while the stock has experienced a 1.9% decline recently, trading around $45.96.

Brandywine Global Investment Management LLC lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 472,254 shares of the financial services provider's stock after acquiring an additional 51,616 shares during the quarter. Brandywine Global Investment Management LLC's holdings in U.S. Bancorp were worth $19,939,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the first quarter worth about $27,000. REAP Financial Group LLC increased its position in shares of U.S. Bancorp by 86.1% during 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 grew its stake in U.S. Bancorp by 59.4% in 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 in the last quarter. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp in the first quarter valued at about $30,000. Finally, Rakuten Securities Inc. increased its holdings in U.S. Bancorp by 1,212.1% in the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock valued at $32,000 after buying an additional 703 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

USB stock traded up $0.1950 during midday trading on Wednesday, reaching $46.4050. The company had a trading volume of 4,950,473 shares, compared to its average volume of 10,586,336. 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 50 day moving average price of $45.51 and a 200 day moving average price of $43.81. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm has a market capitalization of $72.21 billion, a PE ratio of 11.11, a P/E/G ratio of 1.45 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. U.S. Bancorp's quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

USB has been the subject of several research analyst reports. Cowen initiated coverage on U.S. Bancorp in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Truist Financial boosted their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, Citigroup boosted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the business's 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 completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company's stock.

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.