Douglas Lane & Associates LLC Sells 44,547 Shares of U.S. Bancorp $USB

Douglas Lane & Associates LLC cut its holdings in U.S. Bancorp (NYSE:USB) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,407,019 shares of the financial services provider’s stock after selling 44,547 shares during the period. Douglas Lane & Associates LLC owned 0.09% of U.S. Bancorp worth $63,668,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in U.S. Bancorp in the first quarter worth approximately $26,000. Westend Capital Management LLC purchased a new stake in shares of U.S. Bancorp in the first quarter worth $27,000. YANKCOM Partnership increased its stake in shares of U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of U.S. Bancorp in the first quarter worth $30,000. Finally, REAP Financial Group LLC increased its stake in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on USB. Citigroup increased their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Evercore ISI raised their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research note on Wednesday, June 4th. Oppenheimer raised their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. DA Davidson raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has an average rating of “Moderate Buy” and an average target price of $52.55.

U.S. Bancorp Price Performance

USB stock opened at $49.13 on Friday. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a fifty day simple moving average of $46.85 and a two-hundred day simple moving average of $44.00. The firm has a market capitalization of $76.46 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating 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 business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business earned $0.98 earnings per share. U.S. Bancorp’s quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.52 dividend. 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 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp’s dividend payout ratio (DPR) is 47.85%.

Insider Activity

In other 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 sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.