U.S. Bancorp $USB Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in U.S. Bancorp by 18.9%, owning 567,095 shares valued at approximately $23.94 million as of the latest SEC filing.
• U.S. Bancorp recently declared a quarterly $0.50 dividend, resulting in an annualized dividend of $2.00 and a yield of 4.1%.
• The stock received positive adjustments from several analysts, with Raymond James upgrading it to a "strong-buy" rating and raising the price target from $51 to $57.

Trexquant Investment LP lowered its stake in U.S. Bancorp (NYSE:USB - Free Report) by 18.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 567,095 shares of the financial services provider's stock after selling 132,415 shares during the period. Trexquant Investment LP's holdings in U.S. Bancorp were worth $23,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wesbanco Bank Inc. grew its position in shares of U.S. Bancorp by 31.6% during the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock valued at $13,724,000 after buying an additional 78,146 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of U.S. Bancorp by 10.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock valued at $286,000 after buying an additional 649 shares during the last quarter. Becker Capital Management Inc. grew its position in shares of U.S. Bancorp by 1.5% during the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock valued at $27,069,000 after buying an additional 8,204 shares during the last quarter. United Community Bank grew its position in shares of U.S. Bancorp by 21.8% during the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after buying an additional 8,796 shares during the last quarter. Finally, Ally Financial Inc. grew its position in shares of U.S. Bancorp by 12.3% during the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock valued at $3,842,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the 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 of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. DA Davidson boosted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Truist Financial boosted their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. 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. Finally, Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $0.20 during trading on Friday, reaching $48.87. The company had a trading volume of 12,069,872 shares, compared to its average volume of 7,839,136. The firm's fifty day moving average is $46.25 and its 200 day moving average is $43.85. The firm has a market capitalization of $76.05 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. U.S. Bancorp has a twelve month low of $35.18 and a twelve month 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.

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, topping analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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