Ransom Advisory Ltd Makes New Investment in U.S. Bancorp $USB

Key Points

• Ransom Advisory Ltd has acquired 5,690 shares of U.S. Bancorp, valued at approximately $240,000, marking a new investment in the financial services provider.
• U.S. Bancorp recently raised its quarterly dividend to $0.52, reflecting a yield of 4.2% and an increase from the previous dividend payment.
• Analyst ratings for U.S. Bancorp are favorable, with a consensus rating of "Moderate Buy" and a price target averaging $52.55.

Ransom Advisory Ltd bought a new position in U.S. Bancorp (NYSE:USB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,690 shares of the financial services provider's stock, valued at approximately $240,000.

Other institutional investors also recently modified their holdings of the company. Saudi Central Bank bought a new position in shares of U.S. Bancorp in the first quarter worth about $26,000. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp in the first quarter worth about $27,000. REAP Financial Group LLC raised its stake in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after acquiring an additional 297 shares during the last quarter. YANKCOM Partnership raised its stake in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp in the first quarter worth about $30,000. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on USB. TD Cowen initiated coverage on shares of U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price for the company. Cowen initiated coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They set a "buy" rating for the company. The Goldman Sachs Group boosted their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, Citigroup boosted their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Up 1.5%

Shares of NYSE:USB opened at $49.36 on Wednesday. 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 company has a market capitalization of $76.81 billion, a PE ratio of 11.81, a PEG ratio of 1.53 and a beta of 1.05. The company has a 50 day moving average price of $46.75 and a two-hundred day moving average price of $43.93.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.2%. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio is presently 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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