Campbell & CO Investment Adviser LLC Grows Stock Holdings in U.S. Bancorp $USB

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in U.S. Bancorp by 761.6%, acquiring 55,647 additional shares, raising their total holdings to 62,954 shares valued at approximately $2.66 million.
• Several hedge funds, including Brighton Jones LLC and Kovitz Investment Group Partners LLC, also expanded their investments in U.S. Bancorp, reflecting strong institutional interest, with around 77.60% of the stock owned by institutional investors.
• U.S. Bancorp recently reported earnings of $1.11 per share, surpassing analysts' expectations, and declared a quarterly dividend of $0.50 per share, demonstrating robust financial performance and commitment to returning value to shareholders.

Campbell & CO Investment Adviser LLC grew its position in U.S. Bancorp (NYSE:USB - Free Report) by 761.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,954 shares of the financial services provider's stock after purchasing an additional 55,647 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in U.S. Bancorp were worth $2,658,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp during the first quarter valued at $27,000. YANKCOM Partnership increased its stake in shares of 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 in the last quarter. Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp during the 1st quarter valued at about $30,000. REAP Financial Group LLC grew its stake in shares of U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in shares of U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after buying an additional 420 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the topic of several recent analyst reports. DA Davidson upped their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Evercore ISI increased their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research report on Wednesday, June 4th. Citigroup increased their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Cowen initiated coverage on shares of U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 sale, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.04 during midday trading on Thursday, hitting $48.73. The stock had a trading volume of 10,464,772 shares, compared to its average volume of 10,549,012. The company has a market capitalization of $75.83 billion, a PE ratio of 11.66, a P/E/G ratio of 1.52 and a beta of 1.01. The stock has a 50 day moving average price of $46.03 and a two-hundred day moving average price of $43.85. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 1 year low of $35.18 and a 1 year 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 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 the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. 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, equities analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp's payout ratio is presently 47.85%.

About U.S. Bancorp

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.