Partners Capital Investment Group LLP Has $7.93 Million Holdings in U.S. Bancorp $USB

Key Points

• Partners Capital Investment Group LLP significantly increased its holdings in U.S. Bancorp by 91.3%, owning 187,852 shares valued at approximately $7.93 million as of the end of the quarter.
• Several analysts have raised their price targets for U.S. Bancorp, with Morgan Stanley increasing the target from $51 to $52 and Citigroup from $55 to $59, indicating positive market sentiment around the stock.
• U.S. Bancorp reported earnings of $1.11 per share for the quarter, surpassing analyst estimates, and declared a quarterly dividend of $0.50, representing a 4.3% annual yield.

Partners Capital Investment Group LLP boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 91.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,852 shares of the financial services provider's stock after buying an additional 89,673 shares during the quarter. Partners Capital Investment Group LLP's holdings in U.S. Bancorp were worth $7,931,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TrinityPoint Wealth LLC lifted its position in U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock worth $495,000 after buying an additional 231 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of U.S. Bancorp by 36.6% in the fourth quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after acquiring an additional 242 shares during the last quarter. Bestgate Wealth Advisors LLC lifted its position in shares of U.S. Bancorp by 3.3% during the first quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock worth $339,000 after purchasing an additional 253 shares in the last quarter. Atlantic Family Wealth LLC lifted its position in shares of U.S. Bancorp by 4.2% during the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock worth $266,000 after purchasing an additional 254 shares in the last quarter. Finally, YANKCOM Partnership grew its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction on Monday, July 21st. The shares were 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 owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Evercore ISI lifted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. TD Cowen initiated coverage on U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Citigroup lifted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $46.4180 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $72.24 billion, a P/E ratio of 11.10, a PEG ratio of 1.45 and a beta of 1.01. The business has a 50-day moving average of $45.55 and a 200-day moving average of $43.83. 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 for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently declared 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 of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp's payout ratio is 47.85%.

U.S. Bancorp 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.

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