U.S. Bancorp $USB Shares Purchased by Ally Financial Inc.

Key Points

• Ally Financial Inc. increased its stake in U.S. Bancorp by 12.3% during Q1, now holding 91,000 shares valued at approximately $3.84 million.
• Multiple institutional investors, including Wesbanco Bank and Asset Management One Co. Ltd., also raised their holdings in U.S. Bancorp, indicating strong institutional interest in the company.
• Analysts have upgraded U.S. Bancorp's ratings, with Raymond James increasing the target price to $57.00, indicating a positive outlook for the company's stock.

Ally Financial Inc. grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,000 shares of the financial services provider's stock after purchasing an additional 10,000 shares during the period. Ally Financial Inc.'s holdings in U.S. Bancorp were worth $3,842,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in USB. Synovus Financial Corp raised its stake in shares of U.S. Bancorp by 6.5% in the first quarter. Synovus Financial Corp now owns 86,202 shares of the financial services provider's stock valued at $3,639,000 after acquiring an additional 5,266 shares in the last quarter. ICONIQ Capital LLC raised its stake in shares of U.S. Bancorp by 4.2% in the first quarter. ICONIQ Capital LLC now owns 9,074 shares of the financial services provider's stock valued at $383,000 after acquiring an additional 368 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of U.S. Bancorp by 761.6% in the first quarter. Campbell & CO Investment Adviser LLC now owns 62,954 shares of the financial services provider's stock valued at $2,658,000 after acquiring an additional 55,647 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of U.S. Bancorp in the first quarter valued at $788,000. Finally, Jump Financial LLC raised its stake in shares of U.S. Bancorp by 1,952.5% in the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock valued at $35,478,000 after acquiring an additional 799,368 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $0.44 during mid-day trading on Tuesday, hitting $48.60. 9,279,967 shares of the stock were exchanged, compared to its average volume of 8,044,219. The stock's fifty day simple moving average is $45.92 and its two-hundred day simple moving average is $43.82. The stock has a market capitalization of $75.63 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.51 and a beta of 1.01. U.S. Bancorp has a 12-month low of $35.18 and a 12-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 released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $0.98 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, 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. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. 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 (DPR) is currently 47.85%.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USB. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Cowen began coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. TD Cowen started coverage on U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective on the stock. Truist Financial increased their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, Citigroup increased their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

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.