U.S. Bancorp $USB Stock Holdings Boosted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in U.S. Bancorp by 0.3%, acquiring an additional 22,074 shares, bringing its total ownership to approximately 8.54 million shares valued at $360 million.
• Insider Souheil Badran sold 23,727 shares of U.S. Bancorp for over $1 million, reducing his ownership by 25.22% to 70,346 shares.
• U.S. Bancorp reported quarterly earnings of $1.11 per share, exceeding estimates, with a net margin of 16.30% and a revenue of $7.06 billion, representing a 2% year-over-year increase.

Dimensional Fund Advisors LP lifted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,537,191 shares of the financial services provider's stock after purchasing an additional 22,074 shares during the quarter. Dimensional Fund Advisors LP owned about 0.55% of U.S. Bancorp worth $360,410,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TrinityPoint Wealth LLC raised its stake in U.S. Bancorp by 2.3% during the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after buying an additional 231 shares in the last quarter. CoreCap Advisors LLC raised its stake in U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after buying an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC raised its stake in U.S. Bancorp by 3.3% during the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after buying an additional 253 shares in the last quarter. Atlantic Family Wealth LLC raised its stake in U.S. Bancorp by 4.2% during the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock valued at $266,000 after buying an additional 254 shares in the last quarter. Finally, YANKCOM Partnership raised its stake in U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded up $0.22 on Wednesday, reaching $46.43. The company's stock had a trading volume of 4,950,473 shares, compared to its average volume of 10,586,336. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a market capitalization of $72.25 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The firm has a fifty day moving average of $45.51 and a two-hundred day moving average of $43.81. 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 issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion during 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 for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. DA Davidson increased their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Evercore ISI increased their price target on 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. TD Cowen assumed coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Citigroup increased their price target on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $52.55.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president directly owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

U.S. Bancorp 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.