U.S. Bancorp $USB Stake Reduced by Professional Advisory Services Inc.

Professional Advisory Services Inc. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,663 shares of the financial services provider’s stock after selling 3,894 shares during the quarter. U.S. Bancorp comprises approximately 2.7% of Professional Advisory Services Inc.’s holdings, making the stock its 22nd largest position. Professional Advisory Services Inc.’s holdings in U.S. Bancorp were worth $19,578,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in USB. Nuveen LLC bought a new position in U.S. Bancorp during the 1st quarter worth $138,183,000. Vanguard Group Inc. increased its position in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares during the period. GAMMA Investing LLC increased its position in U.S. Bancorp by 4,160.7% in the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider’s stock valued at $65,340,000 after acquiring an additional 1,511,293 shares during the period. American Century Companies Inc. increased its position in U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after acquiring an additional 1,493,318 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in U.S. Bancorp in the 4th quarter valued at approximately $64,257,000. 77.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley raised their target price on U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Oppenheimer raised their target price on U.S. Bancorp from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Evercore ISI raised their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 4th. The Goldman Sachs Group raised their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $52.88.

U.S. Bancorp Trading Up 0.3%

Shares of USB opened at $50.34 on Friday. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. 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 capitalization of $78.34 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.57 and a beta of 1.05. The stock’s 50-day moving average price is $47.06 and its 200 day moving average price is $44.14.

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

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 47.85%.

Insiders Place Their Bets

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 stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

About U.S. Bancorp

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.