Lynx Investment Advisory Has $355,000 Stake in U.S. Bancorp $USB

Lynx Investment Advisory raised its stake in U.S. Bancorp (NYSE:USB) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,839 shares of the financial services provider’s stock after buying an additional 312 shares during the quarter. Lynx Investment Advisory’s holdings in U.S. Bancorp were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in U.S. Bancorp in the first quarter valued at about $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp in the first quarter valued at about $27,000. YANKCOM Partnership lifted its stake in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new position in U.S. Bancorp in the first quarter valued at about $30,000. Finally, Rakuten Securities Inc. lifted its stake in U.S. Bancorp by 1,212.1% in the first quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Down 1.3%

NYSE:USB opened at $48.34 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $75.23 billion, a PE ratio of 11.56, a PEG ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The stock has a 50-day simple moving average of $47.51 and a 200 day simple moving average of $44.45.

U.S. Bancorp (NYSE:USB) last posted 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. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS 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. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is 47.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on USB shares. The Goldman Sachs Group raised their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. 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. 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. 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. Finally, Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.26.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

About U.S. Bancorp

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.