Eliot Finkel Investment Counsel LLC Has $4.82 Million Stock Holdings in U.S. Bancorp $USB

Eliot Finkel Investment Counsel LLC lessened its holdings in U.S. Bancorp (NYSE:USB) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,582 shares of the financial services provider’s stock after selling 2,530 shares during the quarter. U.S. Bancorp accounts for approximately 3.1% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 14th biggest position. Eliot Finkel Investment Counsel LLC’s holdings in U.S. Bancorp were worth $4,823,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp in the 1st quarter valued at $26,000. Westend Capital Management LLC acquired a new stake in shares of U.S. Bancorp during the 1st quarter valued at $27,000. YANKCOM Partnership boosted its holdings in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 260 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of U.S. Bancorp during the 1st quarter valued at $30,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insider Buying and Selling at U.S. Bancorp

In other 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 completion of the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, 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 SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.2%

Shares of USB opened at $48.00 on Friday. The company has a market capitalization of $74.69 billion, a PE ratio of 11.48, a PEG ratio of 1.50 and a beta of 1.06. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The stock’s 50-day moving average price is $47.61 and its two-hundred day moving average price is $44.57. 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 announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS 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 for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’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. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on USB. Truist Financial raised their price objective on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Oppenheimer cut their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Evercore ISI raised their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday. Morgan Stanley set a $56.00 price objective on U.S. Bancorp and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.26.

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.