First Manhattan CO. LLC. Has $49.63 Million Stake in U.S. Bancorp $USB

Key Points

• First Manhattan CO. LLC. has reduced its stake in U.S. Bancorp by 2.6%, now owning 1,162,207 shares worth approximately $49.6 million.
• U.S. Bancorp recently declared a dividend of $0.50 per share, resulting in an annualized yield of 4.1% based on a payout ratio of 47.85%.
• Analysts generally hold a positive outlook on U.S. Bancorp, with thirteen analysts rating it a Buy and a target price averaging $52.55.

First Manhattan CO. LLC. trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,162,207 shares of the financial services provider's stock after selling 30,795 shares during the period. First Manhattan CO. LLC. owned about 0.07% of U.S. Bancorp worth $49,634,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in USB. GW Henssler & Associates Ltd. purchased a new stake in shares of U.S. Bancorp in the 1st quarter valued at approximately $19,999,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of U.S. Bancorp by 4.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 105,726 shares of the financial services provider's stock valued at $4,464,000 after purchasing an additional 4,555 shares in the last quarter. FJ Capital Management LLC purchased a new stake in shares of U.S. Bancorp in the first quarter valued at $6,181,000. Flputnam Investment Management Co. grew its holdings in shares of U.S. Bancorp by 29.8% during the first quarter. Flputnam Investment Management Co. now owns 13,715 shares of the financial services provider's stock valued at $579,000 after buying an additional 3,148 shares in the last quarter. Finally, MAI Capital Management raised its position in U.S. Bancorp by 0.8% during the first quarter. MAI Capital Management now owns 74,274 shares of the financial services provider's stock valued at $3,136,000 after buying an additional 561 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Stock Up 1.2%

Shares of U.S. Bancorp stock traded up $0.61 during midday trading on Thursday, reaching $49.15. 5,564,568 shares of the company's stock traded hands, compared to its average volume of 10,494,415. The company has a market cap of $76.48 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company's 50 day simple moving average is $46.50 and its 200 day simple 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 has a 52 week low of $35.18 and a 52 week high of $53.98.

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 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

Analysts Set New Price Targets

USB has been the subject of several research reports. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Morgan Stanley increased their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. DA Davidson boosted their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Citigroup upped their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.