MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 33,118 Shares of U.S. Bancorp $USB

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in U.S. Bancorp by 66.7% to a total of 82,780 shares, valued at approximately $3.75 million.
• U.S. Bancorp announced a quarterly dividend of $0.52 per share, representing a 4.2% yield, up from the previous $0.50.
• U.S. Bancorp's earnings report showed an EPS of $1.11, exceeding estimates, with a slight revenue growth of 2.0% year-over-year.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 66.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 82,780 shares of the financial services provider's stock after acquiring an additional 33,118 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in U.S. Bancorp were worth $3,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USB. Brighton Jones LLC raised its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after acquiring an additional 36,863 shares in the last quarter. Mackenzie Financial Corp raised its holdings in U.S. Bancorp by 26.5% in the 4th quarter. Mackenzie Financial Corp now owns 187,393 shares of the financial services provider's stock worth $8,963,000 after purchasing an additional 39,284 shares during the period. Park Square Financial Group LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $44,000. Aegis Wealth Management LLC acquired a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $393,000. Finally, Anchor Pointe Wealth Management LLC purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at approximately $304,000. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Down 0.3%

USB opened at $49.19 on Thursday. The stock has a market capitalization of $76.54 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business's 50-day simple moving average is $47.25 and its 200-day simple moving average is $44.23. 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 (NYSE:USB - Get Free Report) last issued its quarterly 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 firm 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 firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

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

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

USB has been the subject of several recent analyst reports. Oppenheimer cut their target price on U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating for the company in a research note on Tuesday. Truist Financial raised their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. The Goldman Sachs Group raised their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Evercore ISI raised their price target on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.83.

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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