Key Points
- Insider sale: EVP Venkatachari Dilip sold 34,522 shares for $1,916,661.44 at an average price of $55.52, cutting his stake by ~40.23% to 51,292 shares, per the SEC filing.
- Recent results show U.S. Bancorp beat Q1 estimates with EPS of $1.18 versus $1.14 and revenue of $7.32 billion (up 4.7% y/y), and the firm pays a quarterly dividend of $0.52 (annualized $2.08) for a ~3.7% yield.
- Market sentiment is broadly positive: analysts hold a consensus "Moderate Buy" with a $61.20 target, and institutional investors own ~77.6% of the stock with major holders (Vanguard, State Street) increasing positions.
U.S. Bancorp (NYSE:USB - Get Free Report) EVP Venkatachari Dilip sold 34,522 shares of the business's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the transaction, the executive vice president directly owned 51,292 shares in the company, valued at $2,847,731.84. This trade represents a 40.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
U.S. Bancorp Trading Up 1.1%
Shares of USB stock opened at $56.19 on Thursday. U.S. Bancorp has a 1 year low of $41.13 and a 1 year high of $61.19. The firm's fifty day simple moving average is $54.05 and its 200 day simple moving average is $53.10. The firm has a market capitalization of $87.22 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.
U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. U.S. Bancorp had a net margin of 18.01% and a return on equity of 13.55%. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. U.S. Bancorp's revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that U.S. Bancorp will post 5.09 EPS for the current year.
U.S. Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 31st. U.S. Bancorp's payout ratio is 43.61%.
Institutional Investors Weigh In On U.S. Bancorp
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of U.S. Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 146,376,783 shares of the financial services provider's stock valued at $7,810,665,000 after purchasing an additional 1,828,404 shares in the last quarter. State Street Corp boosted its stake in shares of U.S. Bancorp by 0.8% in the 4th quarter. State Street Corp now owns 69,701,898 shares of the financial services provider's stock valued at $3,755,083,000 after purchasing an additional 522,368 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of U.S. Bancorp by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 37,679,617 shares of the financial services provider's stock valued at $2,002,518,000 after purchasing an additional 443,646 shares in the last quarter. Norges Bank acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at $1,887,497,000. Finally, Auto Owners Insurance Co boosted its stake in shares of U.S. Bancorp by 5,236.0% in the 4th quarter. Auto Owners Insurance Co now owns 33,350,000 shares of the financial services provider's stock valued at $1,779,556,000 after purchasing an additional 32,725,000 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.
More U.S. Bancorp News
Here are the key news stories impacting U.S. Bancorp this week:
- Positive Sentiment: Zacks highlights USB as a long‑term momentum pick based on style scores and earnings/price momentum — supporting bullish investor sentiment. Article Title
- Positive Sentiment: Profile pieces (MSN/Yahoo) arguing USB remains an attractive momentum/long‑term idea reinforce buy-side interest as the shares recover from earlier volatility. Article Title
- Neutral Sentiment: Articles summarizing Wall Street analyst target prices show a measured but generally optimistic consensus; useful for gauging upside vs. current price. Article Title
- Neutral Sentiment: Valuation and attractiveness write‑ups note USB’s ~41% one‑year gain and argue the stock may still trade with modest undervaluation versus fundamentals — keeps investors weighing growth vs. stretched multiple. Article Title
- Neutral Sentiment: U.S. Bank’s CFO Insights report shows finance leaders focusing on cost cuts and renewed growth/deal activity — a macro/industry datapoint that frames banks’ earnings outlooks. Article Title
- Neutral Sentiment: U.S. Bank Freight Payment Index notes rising freight costs — a sector economic signal that can affect commercial loan performance and fee businesses indirectly. Article Title
- Positive Sentiment: CEO Gunjan Kedia interviews (WSJ/Future of Everything) stressing strategy, tech investments and marketing execution support confidence in management’s plan to drive growth and reposition the bank. Article Title
- Negative Sentiment: Insider sale: EVP Venkatachari Dilip sold 34,522 shares (~$1.92M at ~$55.52), reducing his holding by ~40% — a notable disposal that can weigh on sentiment. SEC Filing
- Negative Sentiment: MarketWatch notes the stock rose but still underperformed the broader market recently, a reminder investors are weighing sector/regulatory risk vs. USB’s rebound. Article Title
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on USB. Weiss Ratings raised shares of U.S. Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. Oppenheimer boosted their price target on shares of U.S. Bancorp from $73.00 to $74.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. UBS Group reissued a "neutral" rating and issued a $60.00 price target on shares of U.S. Bancorp in a report on Wednesday, February 4th. Piper Sandler reissued a "buy" rating on shares of U.S. Bancorp in a report on Thursday, February 26th. Finally, DA Davidson reissued a "buy" rating and issued a $65.00 price target on shares of U.S. Bancorp in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.20.
View Our Latest Report on USB
About U.S. Bancorp
(
Get Free Report)
U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.
Headquartered in Minneapolis, Minnesota, U.S.
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