Meiji Yasuda Life Insurance Co Acquires 10,353 Shares of U.S. Bancorp $USB

Key Points

• Meiji Yasuda Life Insurance Co increased its stake in U.S. Bancorp by 25.9%, owning 50,271 shares worth approximately $2.12 million as of its latest SEC filing.
• U.S. Bancorp's stock is trading at $48.81, with a 52-week range of $35.18 to $53.98, and it recently reported an earnings per share (EPS) of $1.11, exceeding estimates.
• U.S. Bancorp declared a quarterly dividend of $0.50 per share, resulting in an annual dividend yield of 4.1%, with a payout ratio of 47.85%.

Meiji Yasuda Life Insurance Co boosted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,271 shares of the financial services provider's stock after purchasing an additional 10,353 shares during the period. Meiji Yasuda Life Insurance Co's holdings in U.S. Bancorp were worth $2,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of USB. Saudi Central Bank purchased a new position in U.S. Bancorp in the first quarter worth $26,000. Westend Capital Management LLC purchased a new position in U.S. Bancorp in the first quarter worth $27,000. YANKCOM Partnership boosted its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in U.S. Bancorp in the first quarter worth $30,000. Finally, REAP Financial Group LLC boosted its position in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on USB shares. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Citigroup boosted their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson boosted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Morgan Stanley boosted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group boosted their target price 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. One equities research 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 stock. According to MarketBeat, U.S. Bancorp currently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded down $0.19 during midday trading on Friday, reaching $49.13. 8,103,162 shares of the company traded hands, compared to its average volume of 8,405,860. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The firm's fifty day moving average price is $46.85 and its two-hundred day moving average price is $44.01.

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

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend 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 dividend payout ratio is presently 47.85%.

Insider Activity

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction dated 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 directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.