Sivia Capital Partners LLC Invests $425,000 in U.S. Bancorp $USB

Key Points

• Sivia Capital Partners LLC has made a new investment of $425,000 in U.S. Bancorp, acquiring 9,394 shares during the second quarter.
• U.S. Bancorp recently announced a dividend increase, with a quarterly payment of $0.52 per share, representing a yield of 4.2%.
• U.S. Bancorp's stock received several upgrades from analysts, including a target price increase from Oppenheimer to $67.00 and from Raymond James to $57.00.

Sivia Capital Partners LLC bought a new stake in shares of U.S. Bancorp (NYSE:USB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,394 shares of the financial services provider's stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of USB. Saudi Central Bank bought a new position in shares of U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp during the 1st quarter valued at approximately $27,000. YANKCOM Partnership grew its position in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the period. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp during the 1st quarter valued at approximately $30,000. Finally, REAP Financial Group LLC grew its position in shares of U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 297 shares during the period. 77.60% of the stock is owned by institutional investors.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The shares were 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 directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on USB shares. Truist Financial increased their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday. DA Davidson lifted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. 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. Oppenheimer lifted their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Citigroup lifted their target price 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 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 assigned a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

U.S. Bancorp Price Performance

U.S. Bancorp stock traded up $0.59 during mid-day trading on Thursday, hitting $50.20. 12,344,735 shares of the company traded hands, compared to its average volume of 9,086,554. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock has a market cap of $78.12 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. 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 moving average price of $46.99 and a 200-day moving average price of $44.10.

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

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 30th. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.1%. U.S. Bancorp's dividend payout ratio (DPR) 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.