U.S. Bancorp $USB Stock Holdings Lessened by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH trimmed its stake in U.S. Bancorp (NYSE:USB) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 29,435 shares of the financial services provider’s stock after selling 918 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in U.S. Bancorp were worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USB. Nuveen LLC purchased a new stake in shares of U.S. Bancorp in the first quarter worth approximately $138,183,000. Vanguard Group Inc. raised its position in U.S. Bancorp by 1.7% during the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider’s stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares in the last quarter. American Century Companies Inc. raised its position in U.S. Bancorp by 17.4% during the first quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider’s stock valued at $425,163,000 after acquiring an additional 1,493,318 shares in the last quarter. Goldman Sachs Group Inc. raised its position in U.S. Bancorp by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after acquiring an additional 1,045,509 shares in the last quarter. Finally, National Bank of Canada FI raised its position in U.S. Bancorp by 124.8% during the first quarter. National Bank of Canada FI now owns 1,802,961 shares of the financial services provider’s stock valued at $76,121,000 after acquiring an additional 1,001,097 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on USB. DA Davidson raised their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday. 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. Oppenheimer cut their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Finally, Truist Financial raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.11.

U.S. Bancorp Trading Down 3.8%

NYSE:USB opened at $45.29 on Friday. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The firm has a market cap of $70.48 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.47 and a beta of 1.06. 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 company’s 50 day moving average is $47.76 and its 200-day moving average is $44.69.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating 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 company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The company’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. Equities analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the firm’s 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 approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

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.