Caisse DE Depot ET Placement DU Quebec Sells 207,100 Shares of U.S. Bancorp $USB

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in U.S. Bancorp by 17.2%, selling 207,100 shares during the first quarter, leaving it with approximately 993,900 shares valued at $41,962,000.
• Insider trading activity includes U.S. Bancorp's EVP Souheil Badran selling 23,727 shares, which reflects a 25.22% decrease in his holdings.
• Equities analysts have provided varying ratings on U.S. Bancorp stock, with the average consensus being a "Moderate Buy" and a price target of $52.55.

Caisse DE Depot ET Placement DU Quebec trimmed its stake in U.S. Bancorp (NYSE:USB - Free Report) by 17.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 993,900 shares of the financial services provider's stock after selling 207,100 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of U.S. Bancorp worth $41,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $290,000. Capital Analysts LLC increased its position in shares of U.S. Bancorp by 44.0% during the fourth quarter. Capital Analysts LLC now owns 2,763 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 844 shares during the period. Quarry LP bought a new stake in shares of U.S. Bancorp during the fourth quarter valued at approximately $64,000. Finally, Bellwether Advisors LLC acquired a new position in shares of U.S. Bancorp in the fourth quarter valued at $95,000. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction dated 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 owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on USB shares. Cowen started coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Evercore ISI increased their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. One investment 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. Based on data from MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Stock Up 0.9%

NYSE USB opened at $48.60 on Wednesday. The stock's 50 day simple moving average is $45.92 and its 200 day simple moving average is $43.82. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap of $75.63 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. 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 posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The company 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 business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. 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 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 yield of 4.1%. U.S. Bancorp's dividend payout ratio is 47.85%.

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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