MBB Public Markets I LLC Invests $312,000 in U.S. Bancorp $USB

Key Points

• MBB Public Markets I LLC has invested approximately $312,000 in U.S. Bancorp, acquiring 7,397 shares in the first quarter.
• U.S. Bancorp has increased its quarterly dividend to $0.52, with the dividend yield currently at 4.2%.
• Recent analyst ratings have predominantly favored U.S. Bancorp, resulting in a consensus "Moderate Buy" rating and a price target of $52.55.

MBB Public Markets I LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 7,397 shares of the financial services provider's stock, valued at approximately $312,000.

Other institutional investors have also made changes to their positions in the company. Saudi Central Bank bought a new position in shares of U.S. Bancorp in the 1st quarter valued at approximately $26,000. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp in the 1st quarter valued at approximately $27,000. YANKCOM Partnership raised its stake in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp in the 1st quarter valued at approximately $30,000. Finally, REAP Financial Group LLC raised its stake in shares of U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Price Performance

Shares of NYSE:USB opened at $49.18 on Thursday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The firm has a market capitalization of $76.54 billion, a PE ratio of 11.77, a PEG ratio of 1.55 and a beta of 1.05. The business's 50 day moving average is $46.79 and its 200-day moving average is $43.96. 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 (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp's payout ratio is presently 47.85%.

Analyst Ratings Changes

USB has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised 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 lifted their price target for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. 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 research report on Monday, July 21st. Morgan Stanley lifted their price target on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One 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 given a Sell rating to the company's stock. According to MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

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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