Sequoia Financial Advisors LLC Has $8.09 Million Stock Position in U.S. Bancorp $USB

Sequoia Financial Advisors LLC grew its position in U.S. Bancorp (NYSE:USB) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 178,722 shares of the financial services provider’s stock after buying an additional 6,427 shares during the period. Sequoia Financial Advisors LLC’s holdings in U.S. Bancorp were worth $8,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in USB. Brighton Jones LLC increased its stake 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 valued at $2,309,000 after buying an additional 36,863 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 during the period. Assenagon Asset Management S.A. boosted its position in shares of 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 worth $2,136,000 after purchasing an additional 406 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth $44,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of U.S. Bancorp in the 1st quarter worth $327,000. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Stock Performance

USB opened at $46.16 on Tuesday. The business’s 50-day moving average price is $47.79 and its two-hundred day moving average price is $44.73. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The company has a market capitalization of $71.83 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.33 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 released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the business posted $0.98 EPS. The company’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. Equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company 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 $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio (DPR) is 49.76%.

Analysts Set New Price Targets

USB has been the topic of several recent research reports. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. DA Davidson raised their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Evercore ISI raised their price target on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Truist Financial raised their price target on U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, UBS Group lifted their target price on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. One research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.11.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

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.