Ethic Inc. Cuts Stake in U.S. Bancorp $USB

Key Points

• Ethic Inc. reduced its stock holdings in U.S. Bancorp by 3.8%, owning 208,610 shares worth $8.7 million after selling 8,250 shares in Q1.
• U.S. Bancorp reported earnings of $1.11 per share for the last quarter, exceeding expectations and reflecting a 2% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 4.4%.

Ethic Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,610 shares of the financial services provider's stock after selling 8,250 shares during the period. Ethic Inc.'s holdings in U.S. Bancorp were worth $8,714,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of USB. Nuveen LLC acquired a new position in shares of U.S. Bancorp during the 1st quarter worth approximately $138,183,000. Vanguard Group Inc. raised its position in shares of U.S. Bancorp by 1.7% during 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 purchasing 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 4th 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 last quarter. GAMMA Investing LLC lifted its stake in shares of U.S. Bancorp by 4,160.7% during the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock worth $65,340,000 after purchasing an additional 1,511,293 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of U.S. Bancorp during the 4th quarter worth $64,257,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.4%

NYSE USB traded up $0.1950 during mid-day trading on Wednesday, hitting $46.4050. 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 stock's fifty day simple moving average is $45.51 and its two-hundred day simple moving average is $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. The firm has a market capitalization of $72.21 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.98 earnings per share. 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. Research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

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

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm'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 trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on USB. Morgan Stanley increased their price target on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Cowen began coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Oppenheimer increased their price target on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Truist Financial increased their price target on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Finally, 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 note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average price target of $52.55.

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.