The Vanguard Group, Inc. recently announced the acquisition of new stake in U.S. Bancorp. (NYSE:USB). The institutional investor has increased its shareholding in the Financial company by 4.89% to 129.8 million shares with purchase of 6.05 million shares. This fresh investment now brings its stake to 8.34% valued currently at $5.62 billion. In addition, BlackRock Fund Advisors raised its holdings by 3.04 million to 77.76 million shares. And Mitsubishi UFJ Asset Management C has lifted its position by 52.98% or 24.17 million shares – to 69.79 million shares.
Currently, there are 1.56B common shares owned by the public and among those 1.55B shares have been available to trade.
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Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 887,195 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 310,342 shares.
The top 3 mutual fund holders in U.S. Bancorp. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Schwab US Dividend Equity ETF. Vanguard Total Stock Market ETF owns 48.88 million shares of the company’s stock, all valued at over $2.12 billion. The company bought an additional 40640.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 64510.0 shares to see its total holdings expand to 38.02 million shares valued at over $1.65 billion and representing 2.44% of the shares outstanding. Schwab US Dividend Equity ETF bought 32500.0 shares to bring its total holdings to over 24.55 million shares at a value of $1.06 billion. Schwab US Dividend Equity ETF now owns shares totaling to 1.58% of the shares outstanding.
However, the script later moved the day high at 42.05, up 4.63%. The company’s stock has a 5-day price change of -1.89% and 25.89% over the past three months. USB shares are trading -2.93% year to date (YTD), with the 12-month market performance down to -8.30% lower. It has a 12-month low price of $27.27 and touched a high of $49.95 over the same period. USB has an average intraday trading volume of 10.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.33%, 4.55%, and 18.11% respectively.
Institutional ownership of U.S. Bancorp. (NYSE: USB) shares accounts for 78.19% of the company’s 1.56B shares outstanding. Mutual fund holders own 38.90%, while other institutional holders and individual stakeholders account for 39.79% and 10.32% respectively.
It has a market capitalization of $65.41B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 12.82, while the earnings-per-share (ttm) stands at $3.28. The company has a PEG of 2.14 and the debt-to-equity ratio at 1.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.90% over the week and 2.45% over the month.
Analysts forecast that U.S. Bancorp. (USB) will achieve an EPS of $0.9 for the current quarter, $0.97 for the next quarter and $4.38 for 2025. The lowest estimate earnings-per-share for the quarter is $0.86 while analysts give the company a high EPS estimate of $0.96. Comparatively, EPS for the current quarter was $1.16 a year ago. Earnings per share for the fiscal year are expected to increase by 21.36%, and 10.96% over the next financial year. EPS should grow at an annualized rate of 6.00% over the next five years, compared to -4.62% over the past 5-year period.
