U.S. Bancorp $USB Stake Raised by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in U.S. Bancorp by 10.6%, owning 213,187 shares worth approximately $9 million after buying an additional 20,447 shares in the first quarter.
• The company reported a quarterly EPS of $1.11, surpassing analyst expectations of $1.07, and experienced a 2.0% year-over-year revenue increase to $7.06 billion.
• U.S. Bancorp recently announced a quarterly dividend of $0.50, representing an annualized yield of 4.1% with a payout ratio of 47.85%.

Northwestern Mutual Wealth Management Co. raised its position in U.S. Bancorp (NYSE:USB - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,187 shares of the financial services provider's stock after acquiring an additional 20,447 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in U.S. Bancorp were worth $9,001,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of USB. Nuveen LLC acquired a new stake in U.S. Bancorp in the first quarter valued at approximately $138,183,000. Vanguard Group Inc. grew its position 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 valued at $5,962,742,000 after acquiring an additional 2,393,383 shares in the last quarter. Northern Trust Corp grew its position in shares of U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock worth $815,529,000 after buying an additional 1,670,305 shares in the last quarter. GAMMA Investing LLC grew its position in shares of U.S. Bancorp by 4,160.7% during the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock worth $65,340,000 after buying an additional 1,511,293 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of U.S. Bancorp by 17.4% during 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 buying an additional 1,493,318 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The shares were 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 in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Stock Performance

USB stock traded up $0.20 during mid-day trading on Friday, reaching $48.87. The company had a trading volume of 12,069,872 shares, compared to its average volume of 7,839,136. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $76.05 billion, a P/E ratio of 11.69, a P/E/G ratio of 1.53 and a beta of 1.01. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock's 50-day simple moving average is $46.25 and its two-hundred day simple moving average is $43.85.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion for 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%.The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's payout ratio is currently 47.85%.

Analyst Upgrades and Downgrades

USB has been the subject of a number of recent 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 research report on Monday, July 7th. 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 research report on Tuesday, June 10th. 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 research report on Wednesday, June 4th. DA Davidson raised their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.