U.S. Bancorp $USB Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in U.S. Bancorp by 9.7% to a total of 153,416 shares, valued at approximately $6.48 million, according to SEC filings.
• U.S. Bancorp's recent earnings report showed an EPS of $1.11, surpassing estimates, along with a revenue of $7.06 billion, reflecting a 2% increase year-over-year.
• The firm announced a quarterly dividend of $0.50 per share, yielding 4.3% annually, with a payout ratio of 47.85%.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in U.S. Bancorp (NYSE:USB - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,416 shares of the financial services provider's stock after buying an additional 13,520 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in U.S. Bancorp were worth $6,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in USB. Brighton Jones LLC raised its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after buying an additional 36,863 shares during the period. Harvest Investment Services LLC purchased a new position in shares of U.S. Bancorp in the 4th quarter worth $202,000. Alta Advisers Ltd raised its position in shares of U.S. Bancorp by 44.0% in the 4th quarter. Alta Advisers Ltd now owns 5,040 shares of the financial services provider's stock worth $241,000 after buying an additional 1,540 shares during the period. Pinebridge Investments L.P. raised its position in shares of U.S. Bancorp by 782.4% in the 4th quarter. Pinebridge Investments L.P. now owns 379,599 shares of the financial services provider's stock worth $18,156,000 after buying an additional 336,582 shares during the period. Finally, MGO One Seven LLC raised its position in shares of U.S. Bancorp by 7.4% in the 4th quarter. MGO One Seven LLC now owns 70,562 shares of the financial services provider's stock worth $3,375,000 after buying an additional 4,847 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 sale, the executive vice president directly owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on USB shares. Evercore ISI increased their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a research report on Wednesday, June 4th. Oppenheimer increased their target price on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Cowen began coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. 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. Finally, TD Cowen began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Up 0.5%

Shares of U.S. Bancorp stock opened at $46.4180 on Thursday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The company has a market capitalization of $72.24 billion, a PE ratio of 11.10, a P/E/G ratio of 1.45 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $45.55 and a 200-day moving average of $43.83.

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, 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 business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's payout ratio is presently 47.85%.

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.

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