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. acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 23,679 shares of the financial services provider's stock, valued at approximately $1,071,000.

Several other large investors have also recently added to or reduced their stakes in USB. Nuveen LLC acquired a new position in U.S. Bancorp in the 1st quarter valued at approximately $138,183,000. Vanguard Group Inc. increased its stake in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock valued at $5,962,742,000 after buying an additional 2,393,383 shares during the period. GAMMA Investing LLC increased its stake in U.S. Bancorp by 4,160.7% in the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after buying an additional 1,511,293 shares during the period. American Century Companies Inc. increased 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 purchasing an additional 1,493,318 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of U.S. Bancorp during the 4th quarter worth $64,257,000. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on USB. Truist Financial increased their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a research note on Wednesday. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Evercore ISI increased their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research note on Wednesday, June 4th. Morgan Stanley increased their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Oppenheimer increased their price target on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One equities 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.88.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.13 during midday trading on Friday, reaching $50.34. 20,595,297 shares of the company's stock were exchanged, compared to its average volume of 9,455,050. The company's 50 day simple moving average is $47.06 and its two-hundred day simple moving average is $44.14. The firm has a market capitalization of $78.34 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.05. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. 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 released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. 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. Equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's payout ratio 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.