Hall Laurie J Trustee Trims Stock Position in U.S. Bancorp $USB

Hall Laurie J Trustee reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 32.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,700 shares of the financial services provider’s stock after selling 2,705 shares during the quarter. Hall Laurie J Trustee’s holdings in U.S. Bancorp were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after purchasing an additional 36,863 shares in the last quarter. Vise Technologies Inc. increased its holdings in U.S. Bancorp by 77.7% in the 4th quarter. Vise Technologies Inc. now owns 14,704 shares of the financial services provider’s stock worth $703,000 after acquiring an additional 6,430 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of U.S. Bancorp by 59.1% during the fourth quarter. Toronto Dominion Bank now owns 834,610 shares of the financial services provider’s stock worth $39,919,000 after purchasing an additional 310,031 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of U.S. Bancorp by 26.5% during the 4th quarter. Mackenzie Financial Corp now owns 187,393 shares of the financial services provider’s stock worth $8,963,000 after purchasing an additional 39,284 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in U.S. Bancorp by 0.6% in the 4th quarter. Ascent Group LLC now owns 55,381 shares of the financial services provider’s stock valued at $2,649,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. Oppenheimer upped their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Morgan Stanley lifted their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Citigroup boosted their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Friday. Finally, Truist Financial lifted their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.88.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $49.54 on Tuesday. The company has a market capitalization of $77.09 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. U.S. Bancorp has a 52-week low of $35.18 and a 52-week 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 stock has a 50 day moving average price of $47.11 and a 200 day moving average price of $44.16.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.04. The business 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 company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s payout ratio is presently 47.85%.

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.