U.S. Bancorp $USB Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its position in U.S. Bancorp (NYSE:USB) by 45.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,785 shares of the financial services provider’s stock after selling 6,491 shares during the period. AlphaQuest LLC’s holdings in U.S. Bancorp were worth $329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allstate Corp boosted its position in U.S. Bancorp by 12.1% during the first quarter. Allstate Corp now owns 52,195 shares of the financial services provider’s stock worth $2,204,000 after purchasing an additional 5,619 shares in the last quarter. Kestra Advisory Services LLC boosted its position in U.S. Bancorp by 2.9% during the first quarter. Kestra Advisory Services LLC now owns 175,919 shares of the financial services provider’s stock worth $7,427,000 after purchasing an additional 4,905 shares in the last quarter. Norinchukin Bank The boosted its position in U.S. Bancorp by 14.8% during the first quarter. Norinchukin Bank The now owns 78,763 shares of the financial services provider’s stock worth $3,325,000 after purchasing an additional 10,137 shares in the last quarter. Summit Financial LLC boosted its position in U.S. Bancorp by 15.1% during the first quarter. Summit Financial LLC now owns 38,954 shares of the financial services provider’s stock worth $1,645,000 after purchasing an additional 5,113 shares in the last quarter. Finally, Partners Capital Investment Group LLP boosted its position in U.S. Bancorp by 91.3% during the first quarter. Partners Capital Investment Group LLP now owns 187,852 shares of the financial services provider’s stock worth $7,931,000 after purchasing an additional 89,673 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

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

U.S. Bancorp Price Performance

USB stock opened at $48.80 on Thursday. The business has a fifty day moving average of $46.03 and a two-hundred day moving average of $43.85. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market cap of $75.93 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98.

U.S. Bancorp (NYSE:USB) last posted its 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. The company 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%.The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders 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 annualized dividend and a yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.85%.

Analysts Set New Price Targets

Several research firms have recently weighed in on USB. TD Cowen began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They issued a “buy” rating and a $60.00 target price on the stock. Evercore ISI raised their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research report on Wednesday, June 4th. Citigroup raised their target price 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. Cowen initiated coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Morgan Stanley lifted their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.55.

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.