Vanguard Personalized Indexing Management LLC Has $6.01 Million Position in U.S. Bancorp $USB

Vanguard Personalized Indexing Management LLC lifted its position in shares of U.S. Bancorp (NYSE:USB) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,777 shares of the financial services provider’s stock after buying an additional 8,904 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in U.S. Bancorp were worth $6,008,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of USB. Nuveen LLC acquired a new position in U.S. Bancorp during the first quarter valued at approximately $138,183,000. Vanguard Group Inc. boosted its position in U.S. Bancorp by 1.7% during the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after purchasing an additional 2,393,383 shares during the last quarter. American Century Companies Inc. boosted its position in U.S. Bancorp by 17.4% during the first quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after purchasing an additional 1,493,318 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in U.S. Bancorp by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after purchasing an additional 1,045,509 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in U.S. Bancorp by 124.8% during the first quarter. National Bank of Canada FI now owns 1,802,961 shares of the financial services provider’s stock valued at $76,121,000 after purchasing an additional 1,001,097 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $46.16 on Tuesday. The firm has a market cap of $71.83 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. 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 has a 1-year low of $35.18 and a 1-year high of $53.98. The business’s 50 day moving average is $47.79 and its 200-day moving average is $44.73.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share 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 company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company 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. Equities research analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Wall Street Analyst Weigh In

Several analysts have issued reports on USB shares. DA Davidson upped their price objective 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. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. UBS Group upped their price objective on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.11.

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.