Vanguard Personalized Indexing Management LLC Has $6.01 Million Holdings in U.S. Bancorp $USB

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in U.S. Bancorp ($USB) by 7.2%, owning 132,777 shares valued at $6.01 million after purchasing additional shares in the 2nd quarter.
• U.S. Bancorp reported earnings per share (EPS) of $1.11 for the quarter, exceeding estimates, along with a dividend increase to $0.52 per share, reflecting a 4.5% yield.
• Several analysts have raised their price targets for U.S. Bancorp stock, with estimates now ranging from $54.00 to $65.00, indicating strong market confidence in the company.

Vanguard Personalized Indexing Management LLC lifted its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,777 shares of the financial services provider's stock after purchasing an additional 8,904 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in U.S. Bancorp were worth $6,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC grew its holdings in shares of U.S. Bancorp by 10.6% during the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock worth $286,000 after purchasing an additional 649 shares in the last quarter. Ally Financial Inc. boosted its stake in U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider's stock valued at $3,842,000 after buying an additional 10,000 shares in the last quarter. United Community Bank boosted its stake in U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock valued at $2,072,000 after buying an additional 8,796 shares in the last quarter. Jump Financial LLC boosted its stake in U.S. Bancorp by 1,952.5% in the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock worth $35,478,000 after purchasing an additional 799,368 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in U.S. Bancorp by 9.2% in the first quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider's stock worth $27,585,000 after purchasing an additional 55,054 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

U.S. Bancorp Stock Up 1.9%

Shares of U.S. Bancorp stock opened at $46.16 on Tuesday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The business has a 50-day moving average of $47.79 and a two-hundred day moving average of $44.73. The company has a market capitalization of $71.83 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. 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 announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (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 company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. 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 is currently 49.76%.

Analysts Set New Price Targets

A number of equities analysts have commented on USB shares. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Weiss Ratings restated a "buy (b-)" rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. Evercore ISI boosted their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a research report on Tuesday, September 30th. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the stock an "equal weight" rating in a research report on Monday, September 29th. Finally, Citigroup boosted their target price on U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.11.

Insider Activity

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

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.

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