Talon Private Wealth LLC Invests $257,000 in U.S. Bancorp $USB

Talon Private Wealth LLC acquired a new position in U.S. Bancorp (NYSE:USB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,093 shares of the financial services provider’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently bought and sold shares of USB. Nuveen LLC acquired a new stake in U.S. Bancorp during the first quarter worth $138,183,000. Vanguard Group Inc. boosted its stake 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 worth $5,962,742,000 after buying an additional 2,393,383 shares in the last quarter. GAMMA Investing LLC boosted its stake in U.S. Bancorp by 4,160.7% during the first quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider’s stock worth $65,340,000 after buying an additional 1,511,293 shares in the last quarter. American Century Companies Inc. boosted its stake 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 worth $425,163,000 after buying an additional 1,493,318 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in U.S. Bancorp during the fourth quarter worth $64,257,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

Shares of USB stock opened at $48.81 on Monday. The stock has a 50-day moving average price of $46.63 and a 200 day moving average price of $43.87. 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 firm has a market cap of $75.96 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

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

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, June 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.85%.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The shares were 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 of the company’s stock, 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 can be accessed through this link. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on USB. Citigroup lifted their price objective on U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Truist Financial lifted their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, DA Davidson lifted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.55.

U.S. Bancorp Company 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.