Cultivar Capital Inc. Takes $374,000 Position in U.S. Bancorp $USB

Key Points

• Cultivar Capital Inc. has acquired a new stake of 8,275 shares in U.S. Bancorp valued at approximately $374,000, now making up about 0.3% of their portfolio.
• U.S. Bancorp recently reported earnings of $1.11 per share for the quarter, exceeding expectations, with a revenue of $7.06 billion.
• The company declared a quarterly dividend increase, now at $0.52 per share, representing a 4.2% dividend yield, up from its previous $0.50 amount.

Cultivar Capital Inc. acquired a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,275 shares of the financial services provider's stock, valued at approximately $374,000. U.S. Bancorp comprises about 0.3% of Cultivar Capital Inc.'s portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of 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 buying an additional 36,863 shares during the period. Man Group plc increased its stake in shares of U.S. Bancorp by 32.8% during the fourth quarter. Man Group plc now owns 48,258 shares of the financial services provider's stock valued at $2,308,000 after purchasing an additional 11,926 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of U.S. Bancorp by 27.5% during the fourth quarter. Quantinno Capital Management LP now owns 120,997 shares of the financial services provider's stock valued at $5,787,000 after purchasing an additional 26,130 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $518,000. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of U.S. Bancorp by 1,118.9% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 295,085 shares of the financial services provider's stock valued at $14,114,000 after purchasing an additional 270,876 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Down 0.4%

Shares of USB stock opened at $49.13 on Monday. The company has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.54 and a beta of 1.05. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company's fifty day moving average price is $46.85 and its 200-day moving average price is $43.98. 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 announced its quarterly 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 period in the previous year, the firm posted $0.98 EPS. U.S. Bancorp's revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio is presently 47.85%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson raised their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Truist Financial raised 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. The Goldman Sachs Group raised 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. Citigroup raised 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, Oppenheimer raised their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One investment 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. Based on data from MarketBeat.com, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business'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 directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company's stock.

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.

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