Vident Advisory LLC Has $1.51 Million Position in U.S. Bancorp $USB

Key Points

• Vident Advisory LLC reduced its holdings in U.S. Bancorp by 26.5%, selling 12,911 shares and now owning 35,779 shares worth $1,511,000.
• Several hedge funds have increased their stakes in U.S. Bancorp, with Jump Financial LLC boosting its position by 1,952.5%, acquiring 799,368 additional shares.
• U.S. Bancorp recently declared a quarterly dividend of $0.50 per share, representing a 4.1% yield and an annualized payout of $2.00.

Vident Advisory LLC lessened its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 26.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,779 shares of the financial services provider's stock after selling 12,911 shares during the quarter. Vident Advisory LLC's holdings in U.S. Bancorp were worth $1,511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. lifted its position in shares of 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 period. Crestwood Advisors Group LLC raised its position in U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider's stock valued at $286,000 after purchasing an additional 649 shares during the last quarter. Ally Financial Inc. raised its position 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 purchasing an additional 10,000 shares during the last quarter. United Community Bank raised its position 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 purchasing an additional 8,796 shares during the last quarter. Finally, Jump Financial LLC raised its position in U.S. Bancorp by 1,952.5% in the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider's stock valued at $35,478,000 after purchasing an additional 799,368 shares during the last quarter. Institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on USB shares. TD Cowen started coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a "buy" rating and a $60.00 price objective for the company. DA Davidson lifted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Citigroup lifted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Truist Financial lifted their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Finally, Oppenheimer lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Trading Down 0.7%

Shares of U.S. Bancorp stock traded down $0.36 during trading on Friday, reaching $48.81. 8,040,440 shares of the company were exchanged, compared to its average volume of 7,718,509. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The business has a 50-day moving average price of $46.63 and a 200-day moving average price of $43.89. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.53 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's payout ratio is 47.85%.

Insider Transactions at U.S. Bancorp

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. Insiders own 0.23% of the company's stock.

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.