Kiker Wealth Management LLC Has $425,000 Stake in U.S. Bancorp $USB

Kiker Wealth Management LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,390 shares of the financial services provider’s stock after selling 537 shares during the quarter. Kiker Wealth Management LLC’s holdings in U.S. Bancorp were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. NorthRock Partners LLC raised its stake in U.S. Bancorp by 1.1% in the 2nd quarter. NorthRock Partners LLC now owns 42,657 shares of the financial services provider’s stock worth $1,952,000 after purchasing an additional 469 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in U.S. Bancorp by 1.0% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 68,100 shares of the financial services provider’s stock valued at $3,082,000 after buying an additional 700 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in U.S. Bancorp by 0.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 134,559 shares of the financial services provider’s stock valued at $6,089,000 after buying an additional 500 shares during the period. Sequoia Financial Advisors LLC increased its holdings in U.S. Bancorp by 3.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 178,722 shares of the financial services provider’s stock valued at $8,087,000 after buying an additional 6,427 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its holdings in U.S. Bancorp by 89.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 25,491 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 12,003 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. UBS Group boosted their target price on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley set a $56.00 price target on shares of U.S. Bancorp and gave the stock an “equal weight” rating in a research report on Monday, September 29th. 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, Truist Financial boosted their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

U.S. Bancorp Stock Up 1.9%

U.S. Bancorp stock opened at $46.16 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. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The firm’s fifty day moving average is $47.79 and its 200 day moving average is $44.73. The company has a market capitalization of $71.83 billion, a PE ratio of 11.04, a PEG ratio of 1.33 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last announced its quarterly 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 business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. U.S. Bancorp’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. 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 the business’s 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 in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.

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.