Philip James Wealth Mangement LLC Has $4.07 Million Stock Holdings in U.S. Bancorp $USB

Philip James Wealth Mangement LLC decreased its holdings in U.S. Bancorp (NYSE:USB) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,947 shares of the financial services provider’s stock after selling 18,594 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in U.S. Bancorp were worth $4,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Saudi Central Bank bought a new stake in shares of U.S. Bancorp during the 1st quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in shares of U.S. Bancorp in the 1st quarter worth approximately $27,000. YANKCOM Partnership lifted 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 purchasing an additional 260 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of U.S. Bancorp during the 1st quarter valued at $30,000. Finally, Rakuten Securities Inc. lifted its position in shares of U.S. Bancorp by 1,212.1% during the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $47.87 on Thursday. The business has a fifty day simple moving average of $47.54 and a two-hundred day simple moving average of $44.48. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $74.50 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.51 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.

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 (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 during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. 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. On average, equities analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm 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 represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’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 represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on USB shares. Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Truist Financial increased their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. DA Davidson upped their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Oppenheimer lowered their price target on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.26.

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.