Sterling Investment Counsel LLC Sells 480 Shares of U.S. Bancorp $USB

Sterling Investment Counsel LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,837 shares of the financial services provider’s stock after selling 480 shares during the period. Sterling Investment Counsel LLC’s holdings in U.S. Bancorp were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. Brighton Jones LLC lifted its stake in U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. NBC Securities Inc. raised its stake in shares of U.S. Bancorp by 101,850.0% in the first quarter. NBC Securities Inc. now owns 14,273 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 14,259 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in shares of U.S. Bancorp by 9.3% in the first quarter. ST Germain D J Co. Inc. now owns 5,657 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 479 shares during the last quarter. RFG Advisory LLC raised its stake in shares of U.S. Bancorp by 8.8% in the first quarter. RFG Advisory LLC now owns 15,971 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Naples Global Advisors LLC raised its stake in shares of U.S. Bancorp by 2.6% in the first quarter. Naples Global Advisors LLC now owns 65,723 shares of the financial services provider’s stock valued at $2,805,000 after acquiring an additional 1,679 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

USB stock opened at $47.91 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50 day moving average price of $47.57 and a 200 day moving average price of $44.51. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The stock has a market capitalization of $74.56 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the company posted $0.98 EPS. U.S. Bancorp’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts forecast 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. 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 represents a $2.08 dividend on an annualized basis and a yield of 4.3%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.76%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction 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 completion of the sale, the executive vice president owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

USB has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. DA Davidson lifted their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, July 21st. The Goldman Sachs Group lifted their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. Citigroup lifted their target price 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, September 19th. Finally, Wall Street Zen upgraded shares of 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 assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.26.

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.