Moss Adams Wealth Advisors LLC Sells 2,150 Shares of U.S. Bancorp $USB

Moss Adams Wealth Advisors LLC trimmed its stake in U.S. Bancorp (NYSE:USB) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,122 shares of the financial services provider’s stock after selling 2,150 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $326,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GC Wealth Management RIA LLC purchased a new stake in U.S. Bancorp in the second quarter worth approximately $1,170,000. Cairn Investment Group Inc. boosted its stake in U.S. Bancorp by 12.1% in the second quarter. Cairn Investment Group Inc. now owns 29,188 shares of the financial services provider’s stock worth $1,321,000 after buying an additional 3,150 shares in the last quarter. R.H. Investment Group LLC boosted its stake in U.S. Bancorp by 1.9% in the second quarter. R.H. Investment Group LLC now owns 82,524 shares of the financial services provider’s stock worth $3,734,000 after buying an additional 1,570 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in U.S. Bancorp by 3.6% in the second quarter. V Square Quantitative Management LLC now owns 33,459 shares of the financial services provider’s stock worth $1,514,000 after buying an additional 1,148 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in U.S. Bancorp by 78.3% in the second quarter. Sound Income Strategies LLC now owns 1,218 shares of the financial services provider’s stock worth $55,000 after buying an additional 535 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $48.94 on Tuesday. 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 company has a market cap of $76.16 billion, a PE ratio of 11.71, a P/E/G ratio of 1.55 and a beta of 1.05. The business has a 50 day moving average of $47.46 and a 200 day moving average of $44.42. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share 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. Investors of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the stock an “equal weight” rating in a research note on Monday. Evercore ISI upped their target price on U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 4th. The Goldman Sachs Group upped their target price 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. DA Davidson upped their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.02.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the company’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 transaction 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 represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.