Fifth Third Wealth Advisors LLC Has $879,000 Position in U.S. Bancorp $USB

Fifth Third Wealth Advisors LLC reduced its holdings in U.S. Bancorp (NYSE:USB) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,417 shares of the financial services provider’s stock after selling 906 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in U.S. Bancorp were worth $879,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. Mechanics Financial Corp boosted its holdings in U.S. Bancorp by 5.3% in the 2nd quarter. Mechanics Financial Corp now owns 4,806 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 240 shares during the period. Northern Financial Advisors Inc raised its position in shares of U.S. Bancorp by 5.0% in the 2nd quarter. Northern Financial Advisors Inc now owns 5,033 shares of the financial services provider’s stock valued at $228,000 after buying an additional 241 shares in the last quarter. Bestgate Wealth Advisors LLC raised its position in shares of U.S. Bancorp by 3.3% in the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock valued at $339,000 after buying an additional 253 shares in the last quarter. Atlantic Family Wealth LLC raised its position in shares of U.S. Bancorp by 4.2% in the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock valued at $266,000 after buying an additional 254 shares in the last quarter. Finally, YANKCOM Partnership raised 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 valued at $29,000 after buying an additional 260 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business’s 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 sale, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by insiders.

U.S. Bancorp Price Performance

USB stock opened at $45.29 on Monday. The company has a 50 day simple moving average of $47.76 and a 200 day simple moving average of $44.70. The stock has a market cap of $70.48 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.33 and a beta of 1.06. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. 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 data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.07 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’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. Research analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is presently 49.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Weiss Ratings restated a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. DA Davidson boosted 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 report on Monday, July 21st. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Citigroup boosted their target price on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.11.

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.