U.S. Bancorp $USB Shares Sold by City Holding Co.

City Holding Co. reduced its stake in shares of U.S. Bancorp (NYSE:USB) by 8.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,040 shares of the financial services provider’s stock after selling 385 shares during the period. City Holding Co.’s holdings in U.S. Bancorp were worth $183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tritonpoint Wealth LLC acquired a new stake in U.S. Bancorp during the 2nd quarter worth about $214,000. Sonora Investment Management Group LLC boosted its stake in shares of U.S. Bancorp by 0.5% during the 2nd quarter. Sonora Investment Management Group LLC now owns 220,040 shares of the financial services provider’s stock worth $9,957,000 after acquiring an additional 1,066 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of U.S. Bancorp by 0.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,631,379 shares of the financial services provider’s stock worth $73,820,000 after acquiring an additional 10,520 shares in the last quarter. Stockman Wealth Management Inc. boosted its stake in shares of U.S. Bancorp by 5.0% during the 2nd quarter. Stockman Wealth Management Inc. now owns 288,982 shares of the financial services provider’s stock worth $13,076,000 after acquiring an additional 13,644 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of U.S. Bancorp by 21.7% during the 2nd quarter. Avior Wealth Management LLC now owns 8,034 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 1,435 shares in the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp Trading Up 0.8%

Shares of U.S. Bancorp stock opened at $49.42 on Monday. The firm has a market capitalization of $76.91 billion, a PE ratio of 11.82, a P/E/G ratio of 1.55 and a beta of 1.05. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The firm’s 50-day moving average price is $47.40 and its 200 day moving average price is $44.38. 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 released its 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. 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 for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, 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. 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. U.S. Bancorp’s dividend payout ratio is 47.85%.

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 shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on USB shares. Truist Financial increased their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Citigroup increased their target price on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. 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 note on Tuesday, June 10th. Evercore ISI increased their target price on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley increased their target price on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

U.S. Bancorp 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.