U.S. Bancorp $USB Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in U.S. Bancorp by 47.8%, owning over 827,000 shares worth approximately $34.9 million.
• U.S. Bancorp's latest earnings report showed an EPS of $1.11, exceeding analyst estimates, with a revenue of $7.06 billion, up 2% year-over-year.
• The company recently declared an increased quarterly dividend of $0.52 per share, up from $0.50, with a current dividend yield of 4.2%.

Voya Investment Management LLC boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 47.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 827,593 shares of the financial services provider's stock after acquiring an additional 267,578 shares during the quarter. Voya Investment Management LLC owned about 0.05% of U.S. Bancorp worth $34,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. increased its stake in U.S. Bancorp by 31.6% during the first quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after acquiring an additional 78,146 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of U.S. Bancorp by 10.6% in the first quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock valued at $286,000 after buying an additional 649 shares in the last quarter. Ally Financial Inc. grew its stake in shares of U.S. Bancorp by 12.3% in the first quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock valued at $3,842,000 after buying an additional 10,000 shares in the last quarter. United Community Bank grew its stake in shares of U.S. Bancorp by 21.8% in the first quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after buying an additional 8,796 shares in the last quarter. Finally, Jump Financial LLC grew its stake in shares of U.S. Bancorp by 1,952.5% in the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock valued at $35,478,000 after buying an additional 799,368 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USB. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Citigroup lifted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Evercore ISI lifted their price objective on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group lifted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Finally, Truist Financial lifted their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.55.

U.S. Bancorp Trading Down 0.4%

NYSE:USB opened at $49.13 on Friday. The firm has a market cap of $76.46 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The stock has a fifty day moving average price of $46.85 and a 200 day moving average price of $44.00. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly 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. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp 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 completion of the sale, the executive vice president directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by company insiders.

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.

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