Cambiar Investors LLC Sells 48,854 Shares of U.S. Bancorp $USB

Key Points

• Cambiar Investors LLC has reduced its stake in U.S. Bancorp by 5.2%, selling 48,854 shares and now owning a total of 893,582 shares, representing 1.6% of its holdings.
• U.S. Bancorp's stock recently opened at $45.96, with a market capitalization of $71.52 billion and a PE ratio of 11.00.
• U.S. Bancorp reported an EPS of $1.11 for the last quarter, slightly exceeding analysts' expectations and showing a 2.0% increase in revenue compared to the same quarter last year.

Cambiar Investors LLC reduced its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 893,582 shares of the financial services provider's stock after selling 48,854 shares during the quarter. U.S. Bancorp accounts for 1.6% of Cambiar Investors LLC's holdings, making the stock its 28th biggest position. Cambiar Investors LLC owned about 0.06% of U.S. Bancorp worth $37,727,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of U.S. Bancorp in the first quarter valued at $138,183,000. Vanguard Group Inc. grew its holdings in shares of U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock worth $5,962,742,000 after acquiring an additional 2,393,383 shares during the last quarter. Northern Trust Corp raised its position in shares of U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after purchasing an additional 1,670,305 shares during the period. GAMMA Investing LLC lifted its holdings in shares of U.S. Bancorp by 4,160.7% during the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after purchasing an additional 1,511,293 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider's stock valued at $425,163,000 after purchasing an additional 1,493,318 shares during the period. 77.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company's 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 transaction, the executive vice president directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

USB has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley upped their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. TD Cowen started coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Finally, Truist Financial raised their target price on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Up 0.5%

U.S. Bancorp stock traded up $0.2080 during trading hours on Wednesday, hitting $46.4180. The company had a trading volume of 7,720,176 shares, compared to its average volume of 10,605,213. The firm has a market capitalization of $72.24 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.45 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. The firm's fifty day moving average is $45.51 and its 200-day moving average is $43.81. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.98 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid 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 4.3%. U.S. Bancorp's 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.