XTX Topco Ltd Purchases New Stake in U.S. Bancorp (NYSE:USB)

Key Points

• XTX Topco Ltd purchased 8,203 shares of U.S. Bancorp, valued at approximately $346,000, indicating growing institutional interest in the financial services provider.
• U.S. Bancorp reported $1.11 EPS for the last quarter, slightly exceeding analysts' expectations, alongside a revenue of $7.06 billion.
• The company announced a quarterly dividend of $0.50, reflecting a 4.5% dividend yield, with a payout ratio of 47.85%.

XTX Topco Ltd acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,203 shares of the financial services provider's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of USB. Westend Capital Management LLC bought a new stake in U.S. Bancorp in the 1st quarter valued at $27,000. YANKCOM Partnership boosted its stake in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the period. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp in the 1st quarter valued at $30,000. REAP Financial Group LLC boosted its stake in U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 420 shares during the period. Institutional investors own 77.60% of the company's stock.

Insiders Place Their Bets

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 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 approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on USB shares. Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Morgan Stanley upped their price target 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. Citigroup upped their target price on U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen assumed coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price for the company. Finally, Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $51.00 to $57.00 in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Trading Up 2.7%

Shares of NYSE USB traded up $1.22 during midday trading on Tuesday, reaching $45.78. The stock had a trading volume of 8,836,572 shares, compared to its average volume of 10,735,560. The company's 50 day moving average price is $45.29 and its 200 day moving average price is $43.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The firm has a market cap of $71.24 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, June 30th. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

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.