Credit Agricole S A Has $25.11 Million Position in U.S. Bancorp $USB

Credit Agricole S A grew its position in U.S. Bancorp (NYSE:USB) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,789 shares of the financial services provider’s stock after acquiring an additional 15,473 shares during the period. Credit Agricole S A’s holdings in U.S. Bancorp were worth $25,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of USB. Brighton Jones LLC grew its position in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares during the period. Transce3nd LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $109,000. TD Waterhouse Canada Inc. grew its position in shares of U.S. Bancorp by 4.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 202,917 shares of the financial services provider’s stock valued at $9,712,000 after acquiring an additional 9,053 shares during the period. Harvest Investment Services LLC bought a new position in shares of U.S. Bancorp in the 4th quarter valued at about $202,000. Finally, Alta Advisers Ltd grew its position in shares of U.S. Bancorp by 44.0% in the 4th quarter. Alta Advisers Ltd now owns 5,040 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 1,540 shares during the period. Institutional investors own 77.60% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Citigroup lifted their target price on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Evercore ISI lifted their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group lifted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average target price of $52.55.

U.S. Bancorp Stock Performance

NYSE USB opened at $46.2040 on Wednesday. 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 company has a market capitalization of $71.90 billion, a P/E ratio of 11.05, 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. The firm has a 50-day moving average price of $45.51 and a two-hundred day moving average price of $43.81.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.50 dividend. 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 presently 47.85%.

Insider Activity at U.S. Bancorp

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 shares were sold at an average price of $46.34, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.