U.S. Bancorp $USB Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC lowered its stake in shares of U.S. Bancorp (NYSE:USB) by 10.8% in the second quarter, HoldingsChannel reports. The fund owned 5,229 shares of the financial services provider’s stock after selling 635 shares during the quarter. Intrinsic Value Partners LLC’s holdings in U.S. Bancorp were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of USB. Brighton Jones LLC increased its stake in shares of U.S. Bancorp by 323.0% during the 4th quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 36,863 shares during the last quarter. RFG Advisory LLC increased its position in U.S. Bancorp by 8.8% during the 1st quarter. RFG Advisory LLC now owns 15,971 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 1,296 shares in the last quarter. Vest Financial LLC increased its position in U.S. Bancorp by 73.5% during the 1st quarter. Vest Financial LLC now owns 12,772 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 5,411 shares in the last quarter. E. Ohman J or Asset Management AB increased its position in U.S. Bancorp by 208.9% during the 1st quarter. E. Ohman J or Asset Management AB now owns 69,500 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 47,000 shares in the last quarter. Finally, KRS Capital Management LLC acquired a new stake in U.S. Bancorp during the 1st quarter worth approximately $219,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on USB. Oppenheimer dropped their target price on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. The Goldman Sachs Group increased their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Evercore ISI increased their target price on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.26.

U.S. Bancorp Stock Up 0.2%

NYSE USB opened at $48.00 on Friday. The stock has a market cap of $74.69 billion, a PE ratio of 11.48, a P/E/G ratio of 1.50 and a beta of 1.06. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The business has a 50 day moving average price of $47.61 and a two-hundred day moving average price of $44.55. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $7.06 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This is an increase 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 4.3%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 49.76%.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction 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 approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

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.