Meiji Yasuda Asset Management Co Ltd. Has $10.56 Million Position in U.S. Bancorp $USB

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in U.S. Bancorp by 23.3%, acquiring an additional 47,263 shares, bringing its total holdings to 250,097 shares valued at approximately $10.56 million.
• Analyst ratings have generally improved for U.S. Bancorp, with target prices being raised by several firms, including a boost from $41.00 to $46.00 by Goldman Sachs.
• The latest quarterly earnings report showed U.S. Bancorp exceeding expectations with an EPS of $1.11, while also announcing a quarterly dividend of $0.50 per share.

Meiji Yasuda Asset Management Co Ltd. lifted its position in U.S. Bancorp (NYSE:USB - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,097 shares of the financial services provider's stock after buying an additional 47,263 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in U.S. Bancorp were worth $10,559,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in USB. Brighton Jones LLC grew its stake 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 valued at $2,309,000 after buying an additional 36,863 shares in the last quarter. CoreCap Advisors LLC boosted its position in U.S. Bancorp by 36.6% during the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after purchasing an additional 242 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in U.S. Bancorp by 202.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,100 shares of the financial services provider's stock worth $435,000 after purchasing an additional 6,096 shares during the period. Clark Capital Management Group Inc. boosted its position in U.S. Bancorp by 5.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 10,375 shares of the financial services provider's stock worth $496,000 after purchasing an additional 527 shares during the period. Finally, Focus Partners Wealth boosted its position in U.S. Bancorp by 1.0% during the fourth quarter. Focus Partners Wealth now owns 395,552 shares of the financial services provider's stock worth $18,931,000 after purchasing an additional 4,073 shares during the period. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of NYSE USB traded down $0.19 during trading hours on Friday, reaching $49.13. The stock had a trading volume of 8,103,162 shares, compared to its average volume of 8,405,860. The business's fifty day moving average is $46.85 and its two-hundred day moving average is $44.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap 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 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 issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion during 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 was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

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

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

USB has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price 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. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Evercore ISI upped their target price 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. Citigroup upped their target price 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. Finally, Truist Financial upped their price target on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Company 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.