Capital Management Associates Inc Trims Holdings in U.S. Bancorp $USB

Capital Management Associates Inc lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 51.3% during the 2nd quarter, Holdings Channel reports. The fund owned 10,022 shares of the financial services provider’s stock after selling 10,572 shares during the quarter. Capital Management Associates Inc’s holdings in U.S. Bancorp were worth $453,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC purchased a new stake in U.S. Bancorp in the first quarter valued at $27,000. YANKCOM Partnership raised its position in U.S. Bancorp by 59.4% in 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 during the period. Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp in the 1st quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in U.S. Bancorp by 118.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock valued at $31,000 after buying an additional 420 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the company an “equal weight” rating in a research report on Monday, September 29th. Truist Financial boosted their target price on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Oppenheimer cut their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Finally, Evercore ISI boosted their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.11.

Insider Buying and Selling

In other news, EVP Souheil Badran sold 23,727 shares of the 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 transaction, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

U.S. Bancorp Stock Down 1.1%

USB stock opened at $47.00 on Thursday. The company’s 50 day moving average price is $47.69 and its 200 day moving average price is $44.65. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm has a market capitalization of $73.14 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.49 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data 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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. 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. On average, equities research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal 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 $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.4%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

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.