Mountain Pacific Investment Advisers LLC Decreases Holdings in U.S. Bancorp $USB

Key Points

• Mountain Pacific Investment Advisers LLC has reduced its holdings in U.S. Bancorp by 21.5%, now owning 59,696 shares valued at approximately $2.7 million.
• U.S. Bancorp recently announced an increase in its quarterly dividend to $0.52 per share, representing a dividend yield of 4.3%.
• Analysts have generally positive sentiments towards U.S. Bancorp, with a consensus rating of "Moderate Buy" and an average target price of $53.26.

Mountain Pacific Investment Advisers LLC reduced its position in U.S. Bancorp (NYSE:USB - Free Report) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,696 shares of the financial services provider's stock after selling 16,358 shares during the period. Mountain Pacific Investment Advisers LLC's holdings in U.S. Bancorp were worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of USB. Wesbanco Bank Inc. raised its position in U.S. Bancorp by 31.6% during the first quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after acquiring an additional 78,146 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of U.S. Bancorp by 10.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock worth $286,000 after purchasing an additional 649 shares in the last quarter. Ally Financial Inc. raised its position in shares of U.S. Bancorp by 12.3% during the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock worth $3,842,000 after purchasing an additional 10,000 shares during the last quarter. United Community Bank raised its position in shares of U.S. Bancorp by 21.8% during the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock worth $2,072,000 after purchasing an additional 8,796 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in U.S. Bancorp by 1,952.5% in the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock valued at $35,478,000 after buying an additional 799,368 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the subject of a number of analyst reports. Truist Financial boosted their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their target price for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Morgan Stanley set a $56.00 price objective on shares of U.S. Bancorp and gave the company an "equal weight" rating in a research report on Monday. Evercore ISI raised their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a research report on Tuesday. Finally, Oppenheimer lowered their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.26.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $47.87 on Thursday. The company has a market cap of $74.50 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. 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 stock's 50-day moving average is $47.54 and its 200-day moving average is $44.48.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 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 analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. 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 posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 30th. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is 49.76%.

Insider Buying and Selling

In related 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 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.23% of the company's stock.

About U.S. Bancorp

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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