Epoch Investment Partners Inc. Increases Position in U.S. Bancorp $USB

Key Points

• Epoch Investment Partners Inc. increased its stake in U.S. Bancorp by 8.4%, owning 1,809,191 shares worth approximately $76.4 million after purchasing an additional 140,806 shares during the first quarter.
• U.S. Bancorp reported earnings of $1.11 EPS for the last quarter, exceeding analysts' expectations of $1.07, with a revenue of $7.06 billion.
• The company declared a quarterly dividend of $0.50 per share, reflecting an annualized yield of 4.2%.

Epoch Investment Partners Inc. grew its stake in U.S. Bancorp (NYSE:USB - Free Report) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,809,191 shares of the financial services provider's stock after acquiring an additional 140,806 shares during the quarter. Epoch Investment Partners Inc. owned 0.12% of U.S. Bancorp worth $76,384,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in USB. Nuveen LLC bought a new stake in U.S. Bancorp in the first quarter worth $138,183,000. Vanguard Group Inc. boosted its holdings in U.S. Bancorp by 1.7% in the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock worth $5,962,742,000 after acquiring an additional 2,393,383 shares in the last quarter. Northern Trust Corp boosted its holdings in U.S. Bancorp by 10.9% in the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after acquiring an additional 1,670,305 shares in the last quarter. GAMMA Investing LLC boosted its holdings in U.S. Bancorp by 4,160.7% in the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock worth $65,340,000 after acquiring an additional 1,511,293 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in U.S. Bancorp by 17.4% in the first quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider's stock worth $425,163,000 after acquiring an additional 1,493,318 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

U.S. Bancorp Stock Performance

U.S. Bancorp stock traded up $0.20 during mid-day trading on Friday, reaching $48.87. 12,069,872 shares of the stock traded hands, compared to its average volume of 7,839,136. The stock has a market capitalization of $76.05 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.53 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. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The business's 50-day moving average is $46.25 and its 200-day moving average is $43.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict 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. Investors of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend 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 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 completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on USB shares. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Oppenheimer upped their price target on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI upped their price target on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a report on Wednesday, June 4th. TD Cowen began coverage on U.S. Bancorp in a report on Thursday, May 15th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Citigroup upped their price target 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 given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp 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.