U.S. Bancorp $USB Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC has reduced its holdings in U.S. Bancorp by 20.7% to 222,649 shares, worth approximately $9.4 million after selling 58,068 shares in the first quarter.
• Several institutional investors have increased their stakes in U.S. Bancorp, with Brighton Jones LLC raising its stake by 323.0%, bringing its total to $2.3 million in shares.
• The financial services provider reported $1.11 earnings per share, surpassing analysts' expectations, and announced a quarterly dividend of $0.50 per share, leading to an annualized yield of 4.1%.

Guggenheim Capital LLC cut its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 20.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,649 shares of the financial services provider's stock after selling 58,068 shares during the period. Guggenheim Capital LLC's holdings in U.S. Bancorp were worth $9,400,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of U.S. Bancorp by 1.7% during the 1st 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 during the period. Davis Selected Advisers boosted its holdings in U.S. Bancorp by 3.6% in the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock worth $628,614,000 after buying an additional 513,875 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in U.S. Bancorp by 11.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,574,919 shares of the financial services provider's stock worth $601,458,000 after buying an additional 1,339,493 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider's stock worth $464,953,000 after buying an additional 1,045,509 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in U.S. Bancorp by 17.4% in the 1st 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 during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Up 0.4%

Shares of USB stock traded up $0.20 during trading on Friday, hitting $48.87. 12,069,872 shares of the stock traded hands, compared to its average volume of 7,960,989. The firm has a market capitalization of $76.05 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The firm's fifty day moving average price is $46.25 and its 200-day moving average price is $43.82. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

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, beating the consensus estimate of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, June 30th. U.S. Bancorp's payout ratio is presently 47.85%.

Analyst Ratings Changes

Several research firms recently issued reports on USB. Morgan Stanley raised their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Cowen began coverage on shares of U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Oppenheimer raised their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Citigroup raised their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.