Accurate Wealth Management LLC Acquires 801 Shares of U.S. Bancorp $USB

Accurate Wealth Management LLC raised its holdings in U.S. Bancorp (NYSE:USB) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 12,572 shares of the financial services provider’s stock after buying an additional 801 shares during the quarter. Accurate Wealth Management LLC’s holdings in U.S. Bancorp were worth $598,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in USB. Saudi Central Bank bought a new position in shares of U.S. Bancorp in the first quarter valued at $26,000. Westend Capital Management LLC bought a new position in shares of U.S. Bancorp during the first quarter valued at about $27,000. YANKCOM Partnership lifted its position in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp during the first quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of U.S. Bancorp by 118.0% during the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 420 shares in the last quarter. 77.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USB. DA Davidson raised their price target on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Truist Financial raised their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group raised their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

U.S. Bancorp Stock Performance

NYSE USB opened at $49.19 on Thursday. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The company has a 50-day simple moving average of $47.25 and a 200 day simple moving average of $44.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $76.54 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm’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. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date 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 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp’s dividend payout ratio is 47.85%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by insiders.

U.S. Bancorp 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.