USS Investment Management Ltd Sells 177,500 Shares of U.S. Bancorp $USB

Key Points

• USS Investment Management Ltd has sold 177,500 shares of U.S. Bancorp, reducing its stake by 43.6%, leaving them with 229,919 shares worth approximately $9.7 million.
• U.S. Bancorp has recently announced a quarterly dividend of $0.50 per share, translating to an annual yield of 4.1% with a payout ratio of 47.85%.
• Analysts have varying ratings on U.S. Bancorp, with a consensus rating of Moderate Buy and an average price target of $52.55 per share.

USS Investment Management Ltd reduced its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 43.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,919 shares of the financial services provider's stock after selling 177,500 shares during the period. USS Investment Management Ltd's holdings in U.S. Bancorp were worth $9,706,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in U.S. Bancorp during the first quarter worth about $26,000. Westend Capital Management LLC purchased a new stake in U.S. Bancorp during the first quarter worth about $27,000. REAP Financial Group LLC increased its holdings in 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 buying an additional 297 shares during the last quarter. YANKCOM Partnership increased its holdings in 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 buying an additional 260 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp during the first quarter worth about $30,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

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 that occurred on Monday, July 21st. The shares were 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 in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

USB has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Oppenheimer lifted 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, Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. One equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

U.S. Bancorp Price Performance

Shares of USB stock traded down $0.19 during trading hours on Friday, reaching $49.13. The stock had a trading volume of 8,103,162 shares, compared to its average volume of 8,405,860. The stock's fifty day simple moving average is $46.85 and its 200 day simple moving average is $44.00. 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 has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market capitalization of $76.46 billion, a PE ratio of 11.75, a PEG ratio of 1.55 and a beta of 1.05.

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

U.S. Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is 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.