U.S. Bancorp $USB Shares Acquired by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in U.S. Bancorp by 21.7% in Q2, owning 209,801 shares valued at approximately $9.5 million.
• U.S. Bancorp declared a quarterly dividend of $0.52 per share, up from the previous $0.50, indicating a stable yield of 4.4%.
• Analysts have set new price targets for U.S. Bancorp, with Citigroup raising its target to $65.00 and an average price target of $53.11 across various ratings.

Commerzbank Aktiengesellschaft FI boosted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 21.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,801 shares of the financial services provider's stock after acquiring an additional 37,469 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in U.S. Bancorp were worth $9,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares during the last quarter. Amundi grew its stake in U.S. Bancorp by 2.2% in the 1st quarter. Amundi now owns 19,907,665 shares of the financial services provider's stock valued at $773,268,000 after acquiring an additional 422,050 shares during the last quarter. Davis Selected Advisers grew its stake in U.S. Bancorp by 3.6% in the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock valued at $628,614,000 after acquiring an additional 513,875 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in U.S. Bancorp by 0.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,679,104 shares of the financial services provider's stock valued at $535,312,000 after acquiring an additional 104,185 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider's stock valued at $464,953,000 after acquiring an additional 1,045,509 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company's stock.

U.S. Bancorp Price Performance

USB opened at $47.07 on Friday. The company's 50 day simple moving average is $47.73 and its 200 day simple moving average is $44.68. 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. The stock has a market capitalization of $73.25 billion, a PE ratio of 11.26, a P/E/G ratio of 1.47 and a beta of 1.06.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same period last year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared 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 is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.4%. U.S. Bancorp's payout ratio is 49.76%.

Analysts Set New Price Targets

USB has been the topic of a number of research reports. DA Davidson increased 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 note on Monday, July 21st. UBS Group raised their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday. Morgan Stanley set a $56.00 price target on shares of U.S. Bancorp and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Citigroup raised their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of U.S. Bancorp in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.11.

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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