Interval Partners LP Purchases 329,444 Shares of U.S. Bancorp $USB

Key Points

• Interval Partners LP has increased its stake in U.S. Bancorp by 87.5%, now holding 705,833 shares valued at approximately $29.8 million as per its latest SEC filing.
• U.S. Bancorp's recent quarterly earnings report showed an EPS of $1.11, which exceeded analysts' expectations, along with a revenue of $7.06 billion.
• Several research firms have issued positive ratings on U.S. Bancorp, with price targets being adjusted upward, including a new target of $60.00 from TD Cowen.

Interval Partners LP lifted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 87.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 705,833 shares of the financial services provider's stock after purchasing an additional 329,444 shares during the period. Interval Partners LP's holdings in U.S. Bancorp were worth $29,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Saudi Central Bank bought a new position in shares of U.S. Bancorp during the first quarter worth approximately $26,000. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp during the first quarter worth approximately $27,000. YANKCOM Partnership increased its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares during the period. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp during the first quarter worth approximately $30,000. Finally, REAP Financial Group LLC increased its stake in shares of U.S. Bancorp by 86.1% during the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock worth $31,000 after purchasing an additional 297 shares during the period. Institutional investors own 77.60% of the company's stock.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction on Monday, July 21st. The stock was 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 directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen started coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 target price on the stock. Oppenheimer increased their price target on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Cowen started coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. DA Davidson increased their price target on 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, The Goldman Sachs Group increased their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research 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 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 a consensus rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Price Performance

Shares of USB stock traded down $0.36 during trading hours on Friday, reaching $48.81. The company's stock had a trading volume of 8,040,440 shares, compared to its average volume of 7,817,219. The firm's 50 day simple moving average is $46.63 and its 200-day simple moving average is $43.87. The company has a market capitalization of $75.96 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

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 for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion for 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%.The company's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.50 dividend. 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 dividend payout ratio is presently 47.85%.

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.