U.S. Bancorp $USB Shares Purchased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in U.S. Bancorp by 9.4% during Q1, acquiring an additional 862,950 shares, making it the fund's 23rd largest holding.
• Several hedge funds, including Westend Capital Management and Rakuten Securities, have recently modified their stakes in U.S. Bancorp, indicating strong interest from institutional investors, who collectively own 77.60% of the company's stock.
• U.S. Bancorp reported a quarterly EPS of $1.11, exceeding estimates, and declared a dividend of $0.50 per share, reflecting a 4.1% yield based on its recent performance.

Hotchkis & Wiley Capital Management LLC raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,029,832 shares of the financial services provider's stock after acquiring an additional 862,950 shares during the period. U.S. Bancorp makes up 1.4% of Hotchkis & Wiley Capital Management LLC's investment portfolio, making the stock its 23rd biggest holding. Hotchkis & Wiley Capital Management LLC owned 0.64% of U.S. Bancorp worth $423,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USB. Nuveen LLC purchased a new stake in U.S. Bancorp during the 1st quarter valued at approximately $138,183,000. Vanguard Group Inc. raised its stake in U.S. Bancorp by 1.7% during 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 acquiring an additional 2,393,383 shares during the last quarter. Northern Trust Corp raised its stake in U.S. Bancorp by 10.9% during the 4th quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock valued at $815,529,000 after acquiring an additional 1,670,305 shares during the last quarter. GAMMA Investing LLC raised its stake in U.S. Bancorp by 4,160.7% during 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 acquiring an additional 1,511,293 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in 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 valued at $425,163,000 after acquiring an additional 1,493,318 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on USB shares. Morgan Stanley upped their price objective 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. DA Davidson upped their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Evercore ISI upped their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. Cowen assumed coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Finally, Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One equities research 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Price Performance

NYSE USB traded up $0.23 during mid-day trading on Wednesday, hitting $48.80. The stock had a trading volume of 9,492,634 shares, compared to its average volume of 10,549,194. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a market cap of $75.93 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a 50 day simple moving average of $45.92 and a 200 day simple moving average of $43.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the business posted $0.98 EPS. U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 70,346 shares of the company's stock, 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 at this hyperlink. 0.23% of the stock is owned by 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.