U.S. Bancorp (NYSE:USB) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in U.S. Bancorp by 15.5%, selling 22,947 shares and owning a total of 124,909 shares valued at approximately $5.27 million.
• U.S. Bancorp's latest earnings report revealed earnings per share of $1.11, exceeding the consensus estimate of $1.07, while the company also announced a quarterly dividend of $0.50.
• Analysts have mixed ratings on U.S. Bancorp, with a consensus rating of Moderate Buy and an average target price of $52.55; several price targets were recently raised by analysts.

Mizuho Securities USA LLC lowered its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,909 shares of the financial services provider's stock after selling 22,947 shares during the quarter. Mizuho Securities USA LLC's holdings in U.S. Bancorp were worth $5,274,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP lifted its position in shares of U.S. Bancorp by 414.1% in the fourth quarter. Marshall Wace LLP now owns 5,789,565 shares of the financial services provider's stock valued at $276,915,000 after acquiring an additional 4,663,518 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 1.7% in the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares in the last quarter. Northern Trust Corp lifted its position in shares of U.S. Bancorp by 10.9% in the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock valued at $815,529,000 after acquiring an additional 1,670,305 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of U.S. Bancorp by 4,160.7% in the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after acquiring an additional 1,511,293 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of U.S. Bancorp in the fourth quarter valued at approximately $64,257,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the business'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 completion of the sale, the executive vice president directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Up 1.8%

NYSE USB traded up $0.85 during trading on Wednesday, reaching $46.62. 10,438,108 shares of the company's stock were exchanged, compared to its average volume of 10,727,032. The stock has a market cap of $72.54 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $45.32 and a two-hundred day moving average price of $43.88. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's payout ratio is 47.85%.

Wall Street Analysts Forecast Growth

USB has been the topic of several research reports. Royal Bank Of Canada decreased their target price on U.S. Bancorp from $57.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Piper Sandler reduced their price objective on U.S. Bancorp from $49.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Evercore ISI lifted their price objective 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, TD Cowen started coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.