IFG Advisors LLC Sells 658 Shares of U.S. Bancorp $USB

IFG Advisors LLC trimmed its position in shares of U.S. Bancorp (NYSE:USB) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,616 shares of the financial services provider’s stock after selling 658 shares during the quarter. IFG Advisors LLC’s holdings in U.S. Bancorp were worth $707,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in U.S. Bancorp in the first quarter worth $26,000. Westend Capital Management LLC bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at $27,000. YANKCOM Partnership grew its position in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp in the 1st quarter worth about $30,000. Finally, Cornerstone Planning Group LLC lifted its position in U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 420 shares during the period. Institutional investors own 77.60% of the company’s stock.

Analysts Set New Price Targets

USB has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. UBS Group boosted their price target on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the company an “equal weight” rating in a research report on Monday, September 29th. Citigroup boosted their target price on U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, DA Davidson raised their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. 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 stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

U.S. Bancorp Stock Performance

Shares of USB opened at $47.06 on Wednesday. The company has a market cap of $73.23 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.35 and a beta of 1.06. The business’s fifty day simple moving average is $47.84 and its two-hundred day simple moving average is $44.75. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. 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 (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is 49.76%.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Company 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.