MassMutual Private Wealth & Trust FSB Lowers Stake in U.S. Bancorp $USB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in U.S. Bancorp by 5.2%, now holding 101,042 shares valued at approximately $4.57 million.
• U.S. Bancorp recently announced a dividend increase to $0.52 per share, which represents a yield of 4.3% and a 47.85% payout ratio.
• Analysts have set an average price target of $52.55 for U.S. Bancorp, with a majority rating it as a "Moderate Buy".

MassMutual Private Wealth & Trust FSB cut its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,042 shares of the financial services provider's stock after selling 5,514 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in U.S. Bancorp were worth $4,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wesbanco Bank Inc. grew its position in shares of U.S. Bancorp by 31.6% in the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after buying an additional 78,146 shares during the period. Crestwood Advisors Group LLC grew its position in shares of U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock worth $286,000 after buying an additional 649 shares during the period. Ally Financial Inc. grew its position in shares of U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock worth $3,842,000 after buying an additional 10,000 shares during the period. United Community Bank grew its position in U.S. Bancorp by 21.8% during the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after purchasing an additional 8,796 shares during the last quarter. Finally, Jump Financial LLC grew its position in U.S. Bancorp by 1,952.5% during the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock valued at $35,478,000 after purchasing an additional 799,368 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Stock Performance

NYSE USB traded up $0.13 during trading hours on Friday, hitting $50.34. 20,595,297 shares of the company's stock traded hands, compared to its average volume of 10,560,306. The business's fifty day moving average price is $46.99 and its two-hundred day moving average price is $44.10. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $78.34 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.56 and a beta of 1.05. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

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

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp's payout ratio is presently 47.85%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on USB. Truist Financial raised their price objective on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday. DA Davidson raised their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Citigroup raised their price objective on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer raised their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.88.

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.