U.S. Bancorp $USB Shares Bought by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC increased its stake in U.S. Bancorp by 15.2%, owning 113,408 shares valued at approximately $4.79 million as of the latest reporting period.
• Analysts have set a consensus rating of "Moderate Buy" for U.S. Bancorp, with an average target price of $52.55, indicating mixed views on the stock's short-term performance.
• U.S. Bancorp recently reported quarterly earnings of $1.11 EPS, surpassing expectations and noting a 2.0% increase in year-over-year revenue.

Neuberger Berman Group LLC raised its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,408 shares of the financial services provider's stock after purchasing an additional 14,923 shares during the quarter. Neuberger Berman Group LLC's holdings in U.S. Bancorp were worth $4,788,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in U.S. Bancorp in the 1st quarter valued at about $138,183,000. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 1.7% during 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 boosted its holdings 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 purchasing an additional 1,670,305 shares during the period. GAMMA Investing LLC grew its stake in 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 worth $65,340,000 after purchasing an additional 1,511,293 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in U.S. Bancorp during the 4th quarter worth $64,257,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 0.4%

Shares of USB traded down $0.1650 during midday trading on Wednesday, hitting $46.0450. 1,246,812 shares of the stock were exchanged, compared to its average volume of 10,561,839. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. 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 stock has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $43.81. The firm has a market cap of $71.65 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.45 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $0.98 EPS. U.S. Bancorp's revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. U.S. Bancorp's dividend payout ratio is 47.85%.

Insider Buying and Selling

In other news, EVP Souheil Badran sold 23,727 shares of the company's 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 sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on USB. The Goldman Sachs Group increased 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. TD Cowen initiated coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Citigroup increased their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Cowen started coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Finally, Raymond James Financial upgraded shares of 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 note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

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.