U.S. Bancorp $USB Shares Sold by Sandhill Capital Partners LLC

Key Points

• Sandhill Capital Partners LLC has reduced its stake in U.S. Bancorp by 7.3%, now holding approximately 999,362 shares, which represents 3.5% of its total holdings.
• Several institutions have altered their positions, with TrinityPoint Wealth LLC increasing its stake by 2.3% and YANKCOM Partnership boosting it significantly by 59.4% in the first quarter.
• Analysts have shown increased confidence in U.S. Bancorp, with Truist Financial and Evercore ISI raising their price targets, resulting in an average consensus price target of $52.55 for the stock.

Sandhill Capital Partners LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 999,362 shares of the financial services provider's stock after selling 79,213 shares during the quarter. U.S. Bancorp accounts for about 3.5% of Sandhill Capital Partners LLC's portfolio, making the stock its 12th largest position. Sandhill Capital Partners LLC owned 0.06% of U.S. Bancorp worth $42,193,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Westend Capital Management LLC acquired a new position in shares of U.S. Bancorp during the 1st quarter valued at $27,000. YANKCOM Partnership boosted its stake in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in U.S. Bancorp in the 1st quarter worth about $30,000. REAP Financial Group LLC increased its holdings in U.S. Bancorp by 86.1% in the 4th 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 in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 420 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Insider Activity

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was 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 approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of NYSE:USB traded up $2.0710 during trading on Friday, reaching $48.2410. The stock had a trading volume of 12,678,587 shares, compared to its average volume of 7,768,210. The business has a fifty day moving average price of $45.70 and a 200-day moving average price of $43.83. The stock has a market cap of $75.07 billion, a PE ratio of 11.54, a PEG ratio of 1.45 and a beta of 1.01. 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 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 EPS for the quarter, beating the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company 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 earnings per share for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio is 47.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on USB shares. Oppenheimer raised their price target on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Morgan Stanley raised their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Evercore ISI raised 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Company 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.