Equitable Trust Co. Sells 1,847 Shares of U.S. Bancorp $USB

Equitable Trust Co. trimmed its holdings in U.S. Bancorp (NYSE:USB) by 6.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,798 shares of the financial services provider’s stock after selling 1,847 shares during the quarter. Equitable Trust Co.’s holdings in U.S. Bancorp were worth $1,122,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of USB. Nuveen LLC bought a new stake in U.S. Bancorp in the 1st quarter worth about $138,183,000. Vanguard Group Inc. increased its holdings in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock worth $5,962,742,000 after buying an additional 2,393,383 shares in the last quarter. American Century Companies Inc. increased its holdings in U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock worth $425,163,000 after buying an additional 1,493,318 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock worth $464,953,000 after buying an additional 1,045,509 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of U.S. Bancorp by 124.8% during the 1st quarter. National Bank of Canada FI now owns 1,802,961 shares of the financial services provider’s stock valued at $76,121,000 after purchasing an additional 1,001,097 shares during the period. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Trading Up 1.9%

Shares of NYSE:USB opened at $47.06 on Wednesday. The stock has a 50 day moving average of $47.84 and a 200 day moving average of $44.75. The company has a market cap of $73.23 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The company has a current ratio of 0.81, a quick 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.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (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 was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared 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. 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 4.4%. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is presently 49.76%.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the business’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 value of $1,099,509.18. Following the transaction, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on USB shares. UBS Group boosted their price target on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research note on Wednesday, October 8th. Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, Oppenheimer cut their price target on 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.11.

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.