Groupama Asset Managment Buys Shares of 16,060 U.S. Bancorp $USB

Key Points

• Groupama Asset Management acquired 16,060 shares of U.S. Bancorp, valued at approximately $679,000, during the first quarter of the year.
• Research firms are optimistic about U.S. Bancorp, with numerous upgrades including price targets raised by **Citigroup** and **Truist Financial**, reflecting a consensus rating of "Moderate Buy".
• U.S. Bancorp's quarterly earnings report showed an EPS of $1.11, exceeding analyst expectations of $1.07, alongside a quarterly revenue of $7.06 billion, indicating a growth of 2% year over year.

Groupama Asset Managment bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,060 shares of the financial services provider's stock, valued at approximately $679,000.

Several other large investors also recently bought and sold shares of the company. TrinityPoint Wealth LLC grew its holdings in U.S. Bancorp by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 242 shares during the last quarter. Bestgate Wealth Advisors LLC boosted its stake in shares of U.S. Bancorp by 3.3% during the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 253 shares during the last quarter. Atlantic Family Wealth LLC boosted its stake in shares of U.S. Bancorp by 4.2% during the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 254 shares during the last quarter. Finally, YANKCOM Partnership boosted its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on USB. Truist Financial increased their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Citigroup increased their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group increased their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, Evercore ISI raised their price target 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 equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Stock Up 0.5%

Shares of NYSE:USB opened at $46.4180 on Thursday. The stock's 50-day moving average price is $45.55 and its two-hundred day moving average price is $43.83. The firm has a market cap of $72.24 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.45 and a beta of 1.01. 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 has a 12-month low of $35.18 and a 12-month high of $53.98.

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 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 company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts forecast 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. 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 dividend payout ratio (DPR) is 47.85%.

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 stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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.

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