Jones Financial Companies Lllp Decreases Holdings in U.S. Bancorp $USB

Key Points

• Jones Financial Companies Lllp significantly reduced its holdings in U.S. Bancorp by 78.8%, ending with 37,405 shares valued at $1.58 million.
• Several institutional investors increased their stakes in U.S. Bancorp, with Brighton Jones LLC raising its investment by 323% in the last quarter.
• U.S. Bancorp announced a quarterly dividend increase from $0.50 to $0.52, reflecting a current yield of 4.2% and a payout ratio of 47.85%.

Jones Financial Companies Lllp lessened its stake in U.S. Bancorp (NYSE:USB - Free Report) by 78.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,405 shares of the financial services provider's stock after selling 139,068 shares during the quarter. Jones Financial Companies Lllp's holdings in U.S. Bancorp were worth $1,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new position in U.S. Bancorp in the first quarter worth approximately $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp in the first quarter worth approximately $27,000. REAP Financial Group LLC grew its position in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after acquiring an additional 297 shares during the period. YANKCOM Partnership grew its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in U.S. Bancorp in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB traded down $0.19 during midday trading on Friday, reaching $49.13. 8,103,162 shares of the stock were exchanged, compared to its average volume of 8,405,860. The business's 50-day moving average price is $46.85 and its 200 day moving average price is $44.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.55 and a beta of 1.05.

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

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.52 dividend. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a yield of 4.2%. U.S. Bancorp's payout ratio is presently 49.76%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business'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 transaction of $1,099,509.18. Following the transaction, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on USB. Oppenheimer lifted their target price on 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 lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $51.00 to $57.00 in a report on Monday, July 7th. Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, DA Davidson lifted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

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.