Woodward Diversified Capital LLC Buys 5,555 Shares of U.S. Bancorp $USB

Woodward Diversified Capital LLC increased its stake in U.S. Bancorp (NYSE:USB) by 78.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,654 shares of the financial services provider’s stock after purchasing an additional 5,555 shares during the period. Woodward Diversified Capital LLC’s holdings in U.S. Bancorp were worth $573,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new position in U.S. Bancorp in the first quarter valued at $26,000. Westend Capital Management LLC bought a new position in U.S. Bancorp in the first quarter valued at $27,000. YANKCOM Partnership increased its position in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of U.S. Bancorp during the 1st quarter valued at about $30,000. Finally, Rakuten Securities Inc. increased 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 purchasing an additional 703 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on USB shares. DA Davidson increased their price target 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. The Goldman Sachs Group increased their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, June 10th. Truist Financial increased their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Citigroup increased their target price on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $51.00 to $57.00 in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U.S. Bancorp has a consensus rating of “Moderate Buy” and an average price target of $53.26.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $47.87 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a market cap of $74.50 billion, a PE ratio of 11.45, a price-to-earnings-growth 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. The company’s fifty day simple moving average is $47.54 and its two-hundred day simple moving average is $44.48.

U.S. Bancorp (NYSE:USB) last posted its 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. The company had revenue of $7.06 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.3%. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 49.76%.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction 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 sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by company insiders.

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.