Versor Investments LP Invests $426,000 in U.S. Bancorp $USB

Key Points

• Versor Investments LP has acquired a new position in U.S. Bancorp, purchasing 10,100 shares valued at approximately $426,000 in the first quarter.
• U.S. Bancorp's recent quarterly earnings beat expectations, reporting an EPS of $1.11 compared to a consensus estimate of $1.07, with a revenue of $7.06 billion.
• The company announced a quarterly dividend of $0.50, yielding 4.3% annually, with a payout ratio of 47.85%.

Versor Investments LP bought a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,100 shares of the financial services provider's stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors have also made changes to their positions in USB. Wesbanco Bank Inc. grew its stake in U.S. Bancorp by 31.6% during the 1st quarter. Wesbanco Bank Inc. now owns 325,056 shares of the financial services provider's stock worth $13,724,000 after buying an additional 78,146 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in 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 buying an additional 649 shares during the last quarter. Becker Capital Management Inc. grew its stake in U.S. Bancorp by 1.5% during the 4th quarter. Becker Capital Management Inc. now owns 560,095 shares of the financial services provider's stock worth $27,069,000 after buying an additional 8,204 shares during the last quarter. United Community Bank grew its stake in U.S. Bancorp by 21.8% during the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider's stock worth $2,072,000 after buying an additional 8,796 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in U.S. Bancorp by 9.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider's stock worth $27,585,000 after buying an additional 55,054 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 transaction, the executive vice president directly owned 70,346 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

Analyst Ratings Changes

USB has been the topic of several analyst reports. 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 note on Tuesday, June 10th. Cowen initiated coverage on U.S. Bancorp in a research note on Wednesday, May 14th. They issued a "buy" rating on the stock. 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 note on Wednesday, July 30th. DA Davidson lifted their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, TD Cowen began coverage on U.S. Bancorp in a research note on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price on the stock. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Price Performance

Shares of USB traded up $2.0710 during mid-day trading on Friday, hitting $48.2410. The company's stock had a trading volume of 12,678,587 shares, compared to its average volume of 7,768,210. The firm has a 50-day simple moving average of $45.70 and a 200 day simple moving average of $43.83. The firm has a market capitalization of $75.07 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.51 and a beta of 1.01. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. 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 (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently disclosed 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 yield of 4.1%. U.S. Bancorp's payout ratio is currently 47.85%.

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.