Kayne Anderson Rudnick Investment Management LLC Has $1.66 Million Stock Position in U.S. Bancorp $USB

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in U.S. Bancorp by 19.2%, owning 39,338 shares valued at approximately $1.66 million after selling 9,345 shares.
• Insider selling was observed, with EVP Souheil Badran selling 23,727 shares for over $1.09 million, reflecting a 25.22% decrease in his position.
• Analyst ratings for U.S. Bancorp have varied, with recent target price increases from firms like Citigroup and Evercore ISI, setting an average target of $52.55 and indicating a consensus rating of "Moderate Buy."

Kayne Anderson Rudnick Investment Management LLC trimmed its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,338 shares of the financial services provider's stock after selling 9,345 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in U.S. Bancorp were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $138,183,000. Vanguard Group Inc. boosted its holdings in shares of U.S. Bancorp by 1.7% during the first 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 during the last quarter. Northern Trust Corp boosted its holdings in shares of U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after purchasing an additional 1,670,305 shares during the last quarter. GAMMA Investing LLC boosted its holdings in U.S. Bancorp by 4,160.7% in the first 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. boosted its holdings in U.S. Bancorp by 17.4% in the first 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 institutional investors and hedge funds.

Analysts Set New Price Targets

USB has been the topic of a number of analyst reports. DA Davidson lifted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. 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 research note on Monday, July 7th. Citigroup boosted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their price target on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Price Performance

Shares of NYSE USB traded up $0.20 during mid-day trading on Friday, hitting $48.87. 12,069,872 shares of the stock were exchanged, compared to its average volume of 7,839,136. The company has a market cap of $76.05 billion, a P/E ratio of 11.69, a PEG ratio of 1.53 and a beta of 1.01. The stock's fifty day simple moving average is $46.25 and its two-hundred day simple moving average is $43.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on Monday, July 21st. The shares were 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 approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

About U.S. Bancorp

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.