Federation des caisses Desjardins du Quebec Buys 35,023 Shares of U.S. Bancorp $USB

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in U.S. Bancorp by 45.2%, acquiring an additional 35,023 shares, bringing their total holdings to 112,436 shares valued at approximately $4.75 million.
• U.S. Bancorp recently reported earnings of $1.11 per share, surpassing analysts' estimates, with a quarterly revenue of $7.06 billion, which reflects a 2% increase year-over-year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annual yield of 4.1% with a payout ratio of 47.85%.

Federation des caisses Desjardins du Quebec increased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 45.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,436 shares of the financial services provider's stock after acquiring an additional 35,023 shares during the period. Federation des caisses Desjardins du Quebec's holdings in U.S. Bancorp were worth $4,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in USB. Saudi Central Bank acquired a new position in U.S. Bancorp during the first quarter worth $26,000. Westend Capital Management LLC bought a new stake in shares of U.S. Bancorp during the 1st quarter worth approximately $27,000. REAP Financial Group LLC increased its holdings in U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after buying an additional 297 shares during the last quarter. YANKCOM Partnership increased its holdings in 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 buying an additional 260 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in U.S. Bancorp during the first quarter worth $30,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in 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. DA Davidson boosted 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. Citigroup lifted their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Cowen started coverage on U.S. Bancorp in a report on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, Evercore ISI boosted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. One research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on 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 completion of the transaction, 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 sale 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 corporate insiders.

U.S. Bancorp Stock Performance

Shares of USB stock traded down $0.36 on Friday, hitting $48.81. The company's stock had a trading volume of 8,040,440 shares, compared to its average volume of 7,817,219. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a market capitalization of $75.96 billion, a PE ratio of 11.68, a PEG ratio of 1.53 and a beta of 1.05. The stock's 50 day moving average is $46.63 and its 200-day moving average is $43.89. 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 (NYSE:USB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business'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. Equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

U.S. Bancorp Company 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.