Fox Run Management L.L.C. Buys New Shares in U.S. Bancorp $USB

Key Points

• Fox Run Management L.L.C. acquired a new stake in U.S. Bancorp, purchasing 19,006 shares valued at approximately $802,000 during the first quarter.
• The average price target for U.S. Bancorp among analysts has seen increases, with estimates ranging from $46.00 to $67.00, reflecting a consensus rating of Moderate Buy.
• U.S. Bancorp reported earnings of $1.11 per share for the most recent quarter, exceeding expectations and showing a year-over-year revenue increase of 2.0%.

Fox Run Management L.L.C. bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,006 shares of the financial services provider's stock, valued at approximately $802,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at $27,000. REAP Financial Group LLC increased its stake in shares of U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares during the period. YANKCOM Partnership increased its stake in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at $30,000. Finally, Rakuten Securities Inc. increased its stake in shares of U.S. Bancorp by 1,212.1% in the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock valued at $32,000 after buying an additional 703 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Up 0.3%

Shares of U.S. Bancorp stock traded up $0.1250 during trading on Wednesday, reaching $46.3350. The stock had a trading volume of 4,316,848 shares, compared to its average volume of 10,581,322. The company has a market capitalization of $72.11 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.45 and a beta of 1.01. The stock has a fifty day moving average price of $45.51 and a two-hundred day moving average price of $43.81. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's payout ratio is 47.85%.

Wall Street Analyst Weigh In

Several research firms have recently commented on USB. Morgan Stanley lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Oppenheimer lifted their price objective on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Citigroup lifted their price objective 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. Finally, Evercore ISI lifted their price objective on 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. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

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.