FJ Capital Management LLC Buys New Shares in U.S. Bancorp $USB

Key Points

• FJ Capital Management LLC has invested approximately $6.18 million in U.S. Bancorp, acquiring 146,391 shares of the company in the first quarter.
• U.S. Bancorp reported $1.11 EPS for the last quarter, surpassing the consensus estimate of $1.07, with revenue of $7.06 billion.
• The company recently announced a quarterly dividend of $0.50, translating to an annual yield of 4.1%.

FJ Capital Management LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 146,391 shares of the financial services provider's stock, valued at approximately $6,181,000.

Other institutional investors also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of U.S. Bancorp in the 1st quarter worth approximately $138,183,000. Vanguard Group Inc. raised its holdings in shares of 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 worth $5,962,742,000 after purchasing an additional 2,393,383 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 worth $65,340,000 after purchasing an additional 1,511,293 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of U.S. Bancorp by 17.4% in 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of U.S. Bancorp in the 4th quarter worth approximately $64,257,000. 77.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on USB. Oppenheimer boosted their price target on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Truist Financial boosted their price target on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. The Goldman Sachs Group boosted their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.55.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction on 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 sale, the executive vice president directly owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.36 during trading hours on Friday, hitting $48.81. 8,040,437 shares of the stock were exchanged, compared to its average volume of 10,479,639. 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 company's 50 day moving average is $46.57 and its 200 day moving average is $43.90. The firm has a market capitalization of $75.96 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.52 and a beta of 1.05. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98.

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, topping the consensus estimate of $1.07 by $0.04. The business 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%. U.S. Bancorp's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. 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 is currently 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.