King Luther Capital Management Corp reduced its holdings in U.S. Bancorp by 22.7%, selling 92,030 shares during the first quarter, leaving it with 312,817 shares worth approximately $13.2 million. U.S. Bancorp reported $1.11 earnings per share for the latest quarter, exceeding analysts' expectations of $1.07, while achieving a 2% revenue increase year-over-year. The company's quarterly dividend of $0.50 reflects a 4.5% dividend yield, with a payout ratio of 47.85%, indicating solid return potential for investors. Other hedge funds and institutional investors have also recently adjusted their stakes in U.S. Bancorp. Westend Capital Management LLC bought a new position worth about $27,000. REAP Financial Group LLC lifted its holdings by 86.1%, now owning 642 shares valued at $31,000. YANKCOM Partnership increased its holdings by 59.4%, now owning 698 shares valued at $29,000. Alpine Bank Wealth Management bought a new stake valued at about $30,000. Rakuten Securities Inc. lifted its holdings by 1,212.1%, now owning 761 shares valued at $32,000. 77.60% of the stock is currently owned by institutional investors. U.S. Bancorp shares opened at $44.86 on Monday, with a 12-month low of $35.18 and a 12-month high of $53.98. The stock has a market cap of $69.89 billion, a PE ratio of 10.73, a P/E/G ratio of 1.41, and a beta of 1.01. The company has a 50-day moving average of $45.27 and a 200-day moving average of $43.90. It has a quick ratio of 0.81, a current ratio of 0.81, and a debt-to-equity ratio of 1.16. U.S. Bancorp last issued its quarterly earnings data on July 17th, reporting $1.11 EPS, topping estimates of $1.07. The company had a return on equity of 13.08% and a net margin of 16.30%, with revenue of $7.06 billion, up 2.0% year-over-year. Analysts forecast 4.38 EPS for the current year. The company declared a $0.50 quarterly dividend, paid on July 15th, resulting in a $2.00 annualized dividend and a 4.5% dividend yield. The payout ratio is 47.85%. Wall Street analysts have issued various ratings: Cowen and TD Cowen issued 'buy' ratings, Oppenheimer boosted its price target to $67.00 with an 'outperform' rating, Keefe, Bruyette & Woods and Piper Sandler cut their price targets and ratings. The stock currently has a consensus rating of 'Moderate Buy' and a consensus price target of $52.55. In related news, EVP Souheil Badran sold 23,727 shares at an average price of $46.34, for a total value of $1,099,509.18, reducing his ownership by 25.22% to 70,346 shares valued at $3,259,833.64. Company insiders own 0.23% of the company's stock. U.S. Bancorp operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments, providing financial services to individuals, businesses, and institutions in the United States.

King Luther Capital Management Corp Sells 92,030 Shares of U.S. Bancorp (NYSE:USB)

King Luther Capital Management Corp sold 92,030 shares of U.S. Bancorp (NYSE:USB) in the first quarter, reducing its holdings by 22.7% to 312,817 shares valued at approximately $13.2 million. U.S. Bancorp reported a quarterly earnings per share of $1.11, exceeding analyst expectations of $1.07, with a 2% year-over-year revenue increase. The company declared a $0.50 quarterly dividend, resulting in a 4.5% dividend yield and a 47.85% payout ratio. Institutional investors own 77.60% of the stock. Other hedge funds and institutional investors adjusted their positions, with Westend Capital Management LLC, REAP Financial Group LLC, YANKCOM Partnership, Alpine Bank Wealth Management, and Rakuten Securities Inc. making notable changes. The stock has a market cap of $69.89 billion, a PE ratio of 10.73, and a consensus price target of $52.55. Wall Street analysts have issued mixed ratings, with Cowen and TD Cowen maintaining 'buy' ratings, Oppenheimer upgrading to 'outperform' and a $67.00 price target, while others downgraded. The company operates in multiple banking segments and reported a return on equity of 13.08% and a net margin of 16.30%.