Paradigm Capital Management LLC NV Reduces Stock Holdings in U.S. Bancorp $USB

Key Points

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Paradigm Capital Management LLC NV lessened its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,348 shares of the financial services provider's stock after selling 6,375 shares during the period. U.S. Bancorp accounts for approximately 1.5% of Paradigm Capital Management LLC NV's portfolio, making the stock its 21st biggest position. Paradigm Capital Management LLC NV's holdings in U.S. Bancorp were worth $1,450,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in U.S. Bancorp in the 1st quarter valued at about $33,373,000. Wellington Management Group LLP raised its holdings in U.S. Bancorp by 56.9% in the 1st quarter. Wellington Management Group LLP now owns 159,937 shares of the financial services provider's stock valued at $6,753,000 after buying an additional 57,991 shares during the period. Alpha Family Trust raised its holdings in U.S. Bancorp by 35.4% in the 1st quarter. Alpha Family Trust now owns 8,025 shares of the financial services provider's stock valued at $339,000 after buying an additional 2,100 shares during the period. Aptus Capital Advisors LLC raised its holdings in U.S. Bancorp by 2.1% in the 1st quarter. Aptus Capital Advisors LLC now owns 84,382 shares of the financial services provider's stock valued at $3,563,000 after buying an additional 1,701 shares during the period. Finally, Brooklyn Investment Group raised its holdings in U.S. Bancorp by 31.8% in the 1st quarter. Brooklyn Investment Group now owns 6,857 shares of the financial services provider's stock valued at $290,000 after buying an additional 1,655 shares during the period. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analysts Set New Price Targets

USB has been the subject of several research reports. Morgan Stanley lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their target price on U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Oppenheimer lifted their target price on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the company from $51.00 to $57.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of "Moderate Buy" and an average price target of $52.55.

U.S. Bancorp Stock Performance

Shares of USB stock traded up $2.0710 during trading hours on Friday, hitting $48.2410. The stock had a trading volume of 12,678,587 shares, compared to its average volume of 10,582,987. The firm has a market capitalization of $75.07 billion, a PE ratio of 11.54, a PEG ratio of 1.45 and a beta of 1.01. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The stock's 50 day moving average is $45.59 and its 200 day moving average is $43.82. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.04. The business 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%.The company's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

Insider Buying and Selling at U.S. Bancorp

In related 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 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. This trade represents 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 this link. 0.23% of the stock is currently owned by corporate insiders.

U.S. Bancorp Company 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.