Credit Agricole S A Has $25.11 Million Stock Holdings in U.S. Bancorp $USB

Key Points

• Credit Agricole S A increased its stake in U.S. Bancorp by 2.7% in Q1, holding a total of 594,789 shares worth approximately $25.11 million.
• U.S. Bancorp recently reported an EPS of $1.11 for Q2, surpassing analyst expectations of $1.07, and showed a 2.0% year-over-year revenue growth.
• The average analyst rating for U.S. Bancorp is "Moderate Buy" with a target price of $52.55, reflecting positive sentiment among market analysts.

Credit Agricole S A lifted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 594,789 shares of the financial services provider's stock after purchasing an additional 15,473 shares during the quarter. Credit Agricole S A's holdings in U.S. Bancorp were worth $25,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of U.S. Bancorp by 9.7% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 153,416 shares of the financial services provider's stock valued at $6,476,000 after purchasing an additional 13,520 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at approximately $679,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of U.S. Bancorp by 1.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 78,235 shares of the financial services provider's stock valued at $3,303,000 after purchasing an additional 811 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $428,000. Finally, Quantbot Technologies LP bought a new stake in U.S. Bancorp during the 1st quarter worth approximately $33,373,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Trading Up 4.5%

Shares of NYSE:USB traded up $2.0710 during trading on Friday, reaching $48.2410. The stock had a trading volume of 12,678,587 shares, compared to its average volume of 7,768,210. The firm's fifty day moving average is $45.70 and its 200 day moving average is $43.83. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a market cap of $75.07 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.45 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company earned $0.98 EPS. 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. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's payout ratio is presently 47.85%.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on USB. Cowen began coverage on shares of U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. The Goldman Sachs Group boosted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Truist Financial boosted their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Citigroup boosted their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, DA Davidson boosted their target price 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. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

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.