U.S. Bancorp $USB Stock Position Decreased by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. has reduced its stake in U.S. Bancorp by 5.5%, now holding approximately 2.69 million shares worth about $113.55 million.
• A range of hedge funds, including Northwestern Mutual Wealth Management Co., have increased their positions in U.S. Bancorp, with institutional investors currently owning 77.60% of the company's stock.
• U.S. Bancorp reported earnings of $1.11 per share for the latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.50 per share with a yield of 4.1%.

Bahl & Gaynor Inc. lowered its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,689,565 shares of the financial services provider's stock after selling 156,262 shares during the quarter. Bahl & Gaynor Inc. owned 0.17% of U.S. Bancorp worth $113,553,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp during the 1st quarter valued at approximately $27,000. YANKCOM Partnership boosted its stake in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of U.S. Bancorp during the first quarter worth approximately $30,000. REAP Financial Group LLC raised its stake in U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Activity

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.9%

Shares of USB stock traded up $0.44 on Tuesday, reaching $48.60. 9,279,967 shares of the stock were exchanged, compared to its average volume of 8,044,219. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The stock has a market cap of $75.63 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. 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 firm has a 50 day moving average of $45.80 and a two-hundred day moving average of $43.78.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company posted $0.98 EPS. U.S. Bancorp's revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on USB. Morgan Stanley boosted 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. Oppenheimer lifted their target price 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 boosted 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 upped their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Finally, TD Cowen initiated coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective on the stock. One investment 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.