Wellington Management Group LLP Grows Holdings in U.S. Bancorp $USB

Key Points

• Wellington Management Group LLP increased its holdings in U.S. Bancorp by 56.9% during the first quarter, now owning 159,937 shares valued at approximately $6.75 million.
• U.S. Bancorp recently reported an earnings per share (EPS) of $1.11, exceeding analyst expectations of $1.07, while also showing a 2% year-over-year revenue increase to $7.06 billion.
• The company announced a quarterly dividend of $0.50 per share, which translates to an annualized dividend yield of 4.1%.

Wellington Management Group LLP raised its position in U.S. Bancorp (NYSE:USB - Free Report) by 56.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,937 shares of the financial services provider's stock after acquiring an additional 57,991 shares during the period. Wellington Management Group LLP's holdings in U.S. Bancorp were worth $6,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Alpha Family Trust boosted its stake in U.S. Bancorp by 35.4% in the first quarter. Alpha Family Trust now owns 8,025 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 2,100 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in U.S. Bancorp by 2.1% in the first quarter. Aptus Capital Advisors LLC now owns 84,382 shares of the financial services provider's stock valued at $3,563,000 after acquiring an additional 1,701 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of U.S. Bancorp by 31.8% in the first quarter. Brooklyn Investment Group now owns 6,857 shares of the financial services provider's stock worth $290,000 after buying an additional 1,655 shares during the last quarter. Versor Investments LP purchased a new position in shares of U.S. Bancorp in the first quarter worth $426,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of U.S. Bancorp by 22.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 52,090 shares of the financial services provider's stock worth $2,199,000 after buying an additional 9,417 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock traded up $0.20 during trading on Monday, hitting $48.87. 12,069,872 shares of the company's stock were exchanged, compared to its average volume of 7,960,989. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $46.25 and a 200-day simple moving average of $43.82. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The stock has a market capitalization of $76.05 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.53 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued 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 firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued 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 yield of 4.1%. U.S. Bancorp's payout ratio is presently 47.85%.

Analysts Set New Price Targets

USB has been the subject of a number of research analyst reports. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Oppenheimer raised their price target on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI raised their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. TD Cowen initiated coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. One equities research 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 data from MarketBeat.com, the company currently has an average 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.