U.S. Bancorp $USB Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its position in U.S. Bancorp (NYSE:USB) by 9.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,416 shares of the financial services provider’s stock after purchasing an additional 13,520 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in U.S. Bancorp were worth $6,476,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Westend Capital Management LLC acquired a new position in U.S. Bancorp in the first quarter worth about $27,000. YANKCOM Partnership grew its stake in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in U.S. Bancorp in the first quarter worth about $30,000. REAP Financial Group LLC grew its stake in U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in U.S. Bancorp by 118.0% in the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 420 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USB has been the subject of a number of research reports. Citigroup lifted their price target 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 began coverage on U.S. Bancorp in a research report on Thursday, May 15th. They set a “buy” rating and a $60.00 price target on the stock. Cowen began coverage on U.S. Bancorp in a research report on Wednesday, May 14th. They set a “buy” rating on the stock. Oppenheimer increased their price target on U.S. Bancorp from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $52.55.

U.S. Bancorp Stock Performance

Shares of NYSE USB opened at $46.4180 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $45.55 and a 200-day simple moving average of $43.83. The company has a market cap of $72.24 billion, a PE ratio of 11.10, a P/E/G ratio of 1.45 and a beta of 1.01. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB) 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 business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business’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. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp’s payout ratio is currently 47.85%.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction that occurred 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 in the company, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

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.