UMB Bank n.a. Sells 5,963 Shares of U.S. Bancorp $USB

Key Points

• UMB Bank n.a. has reduced its stake in U.S. Bancorp by 6.1%, selling 5,963 shares in the second quarter, leaving it with 91,425 shares valued at approximately $4.14 million.
• U.S. Bancorp announced an increase in its quarterly dividend to $0.52, up from $0.50, with a corresponding annualized yield of 4.1%.
• Analysts have recently upgraded their ratings for U.S. Bancorp, with Raymond James initiating a "strong-buy" rating and raising their price target to $57.00.

UMB Bank n.a. lowered its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,425 shares of the financial services provider's stock after selling 5,963 shares during the quarter. UMB Bank n.a.'s holdings in U.S. Bancorp were worth $4,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of USB. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp during the 1st quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp in the first quarter valued at approximately $27,000. YANKCOM Partnership lifted its stake in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of U.S. Bancorp in the first quarter valued at approximately $30,000. Finally, REAP Financial Group LLC grew its holdings in U.S. Bancorp by 86.1% during 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 period. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

USB stock traded down $0.35 during mid-day trading on Tuesday, hitting $49.15. 3,179,416 shares of the company were exchanged, compared to its average volume of 10,502,239. 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 has a 1-year low of $35.18 and a 1-year high of $53.98. The business has a 50 day simple moving average of $47.11 and a 200-day simple moving average of $44.16. The stock has a market capitalization of $76.48 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last released 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 company had revenue of $7.06 billion during 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%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research report on Wednesday, June 4th. DA Davidson lifted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Citigroup boosted their price target on U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley upped their price target on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.83.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated 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 approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.23% of the stock is owned by corporate insiders.

About U.S. Bancorp

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.