U.S. Bancorp $USB Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH lessened its position in U.S. Bancorp (NYSE:USB) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,435 shares of the financial services provider’s stock after selling 918 shares during the period. Trust Co. of Toledo NA OH’s holdings in U.S. Bancorp were worth $1,332,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of USB. Brighton Jones LLC increased its holdings in shares of U.S. Bancorp by 323.0% in the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after acquiring an additional 36,863 shares during the period. GAMMA Investing LLC grew its position in U.S. Bancorp by 0.9% in the 1st quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 333 shares in the last quarter. Simplicity Wealth LLC bought a new position in U.S. Bancorp in the 1st quarter valued at about $205,000. Integrated Advisors Network LLC grew its position in U.S. Bancorp by 12.7% in the 1st quarter. Integrated Advisors Network LLC now owns 16,237 shares of the financial services provider’s stock valued at $686,000 after buying an additional 1,835 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in U.S. Bancorp by 0.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 50,597 shares of the financial services provider’s stock valued at $2,136,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $45.29 on Friday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a 50-day moving average of $47.76 and a two-hundred day moving average of $44.69. The stock has a market cap of $70.48 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.47 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81.

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, 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 company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company 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 $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 4.6%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Wall Street Analyst Weigh In

USB has been the subject of a number of recent analyst reports. Citigroup increased 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 report on Friday, September 19th. Morgan Stanley set a $56.00 target price on shares of U.S. Bancorp and gave the company an “equal weight” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, UBS Group raised their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.11.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm’s 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 directly 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.