Norinchukin Bank The Purchases 10,137 Shares of U.S. Bancorp $USB

Key Points

• Norinchukin Bank increased its stake in U.S. Bancorp by 14.8% in Q1, now holding 78,763 shares valued at approximately $3.33 million.
• Several institutional investors have also increased their positions in U.S. Bancorp, leading to a total of 77.60% ownership of the company's stock held by institutional investors and hedge funds.
• U.S. Bancorp recently announced a quarterly dividend of $0.50, reflecting an annualized dividend of $2.00 and a yield of 4.3%.

Norinchukin Bank The increased its position in U.S. Bancorp (NYSE:USB - Free Report) by 14.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,763 shares of the financial services provider's stock after acquiring an additional 10,137 shares during the quarter. Norinchukin Bank The's holdings in U.S. Bancorp were worth $3,325,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Summit Financial LLC raised its stake in shares of U.S. Bancorp by 15.1% during the first quarter. Summit Financial LLC now owns 38,954 shares of the financial services provider's stock worth $1,645,000 after acquiring an additional 5,113 shares in the last quarter. Partners Capital Investment Group LLP increased its position in U.S. Bancorp by 91.3% during the 1st quarter. Partners Capital Investment Group LLP now owns 187,852 shares of the financial services provider's stock valued at $7,931,000 after purchasing an additional 89,673 shares during the period. Candriam S.C.A. increased its position in U.S. Bancorp by 124.5% during the 1st quarter. Candriam S.C.A. now owns 354,385 shares of the financial services provider's stock valued at $14,962,000 after purchasing an additional 196,548 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at $1,357,000. Finally, Credit Agricole S A boosted its holdings in shares of U.S. Bancorp by 2.7% during the 1st quarter. Credit Agricole S A now owns 594,789 shares of the financial services provider's stock valued at $25,112,000 after buying an additional 15,473 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI boosted 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. Truist Financial increased their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Oppenheimer upped their price target on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley upped their price target on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group increased their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $52.55.

U.S. Bancorp Stock Performance

USB traded up $0.19 during trading on Wednesday, reaching $48.76. 2,924,647 shares of the company were exchanged, compared to its average volume of 10,507,050. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The stock has a market cap of $75.88 billion, a P/E ratio of 11.66, a PEG ratio of 1.51 and a beta of 1.01. The firm has a 50 day moving average of $45.92 and a 200 day moving average of $43.82. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate 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%.The company's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Insiders Place Their Bets

In other news, EVP Souheil Badran sold 23,727 shares of the business'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 completion of the sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by corporate insiders.

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.