23,679 Shares in U.S. Bancorp $USB Purchased by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 23,679 shares of U.S. Bancorp, valued at approximately $1.07 million, marking a significant investment in the financial services provider.
• U.S. Bancorp recently increased its quarterly dividend from $0.50 to $0.52, leading to an annualized dividend of $2.08 and a yield of 4.2%.
• Analysts have raised their price targets for U.S. Bancorp, with Oppenheimer setting a new target at $67.00 while maintaining an "outperform" rating.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,679 shares of the financial services provider's stock, valued at approximately $1,071,000.

Other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new stake in U.S. Bancorp in the first quarter worth about $138,183,000. Vanguard Group Inc. lifted its stake in U.S. Bancorp by 1.7% in the first 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. 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 acquiring an additional 1,511,293 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of U.S. Bancorp by 17.4% during the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider's stock worth $425,163,000 after acquiring an additional 1,493,318 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of U.S. Bancorp during the 4th quarter worth approximately $64,257,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.13 during midday trading on Friday, reaching $50.34. The company's stock had a trading volume of 20,595,297 shares, compared to its average volume of 9,455,050. The stock has a fifty day moving average of $47.06 and a 200 day moving average of $44.13. The firm has a market capitalization of $78.34 billion, a PE ratio of 12.04, a P/E/G ratio of 1.58 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

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 for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities 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 given a dividend of $0.52 per share. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Insider Buying and Selling

In other 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 transaction of $1,099,509.18. Following the sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents 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. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

USB has been the subject of several research analyst reports. Morgan Stanley lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a report on Wednesday, June 4th. Oppenheimer lifted their price objective on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.88.

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.