14,600 Shares in U.S. Bancorp $USB Bought by Orion Capital Management LLC

Key Points

• Orion Capital Management LLC has made a new investment of approximately $616,000 in U.S. Bancorp, acquiring 14,600 shares of the financial services provider in the 1st quarter.
• Several large investors, including Nuveen LLC and Vanguard Group Inc., have significantly altered their positions in U.S. Bancorp, reflecting a robust interest in the company's stock.
• U.S. Bancorp recently reported $1.11 earnings per share, surpassing analysts' estimates, and announced a quarterly dividend of $0.50, offering a yield of 4.1%.

Orion Capital Management LLC bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,600 shares of the financial services provider's stock, valued at approximately $616,000.

A number of other institutional investors have also made changes to their positions in the company. Potomac Fund Management Inc. ADV lifted its position in shares of U.S. Bancorp by 13.1% during the first quarter. Potomac Fund Management Inc. ADV now owns 29,183 shares of the financial services provider's stock worth $1,232,000 after purchasing an additional 3,376 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd bought a new stake in shares of U.S. Bancorp in the first quarter worth $7,990,000. Ally Financial Inc. increased its stake in shares of U.S. Bancorp by 12.3% in the first quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock worth $3,842,000 after buying an additional 10,000 shares during the last quarter. Synovus Financial Corp increased its stake in shares of U.S. Bancorp by 6.5% in the first quarter. Synovus Financial Corp now owns 86,202 shares of the financial services provider's stock worth $3,639,000 after buying an additional 5,266 shares during the last quarter. Finally, ICONIQ Capital LLC increased its stake in shares of U.S. Bancorp by 4.2% in the first quarter. ICONIQ Capital LLC now owns 9,074 shares of the financial services provider's stock worth $383,000 after buying an additional 368 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Cowen assumed coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Citigroup boosted their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Raymond James Financial upgraded 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. Finally, DA Davidson boosted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Price Performance

USB stock traded up $0.20 during trading on Friday, hitting $48.87. The company had a trading volume of 12,067,252 shares, compared to its average volume of 10,558,065. The firm has a market capitalization of $76.05 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.53 and a beta of 1.01. The business has a 50 day moving average of $46.14 and a 200 day moving average of $43.86. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. 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 issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period 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. As a group, research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio is currently 47.85%.

Insider Buying and Selling at U.S. Bancorp

In other 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 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 document filed with the Securities & Exchange Commission, which is available at 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.