Venturi Wealth Management LLC Has $386,000 Stake in U.S. Bancorp $USB

Venturi Wealth Management LLC increased its stake in shares of U.S. Bancorp (NYSE:USB) by 8.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,523 shares of the financial services provider’s stock after acquiring an additional 669 shares during the period. Venturi Wealth Management LLC’s holdings in U.S. Bancorp were worth $386,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in USB. Mechanics Financial Corp grew its holdings in U.S. Bancorp by 5.3% in the 2nd quarter. Mechanics Financial Corp now owns 4,806 shares of the financial services provider’s stock valued at $217,000 after buying an additional 240 shares during the last quarter. Bestgate Wealth Advisors LLC grew its holdings in U.S. Bancorp by 3.3% in the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock valued at $339,000 after buying an additional 253 shares during the last quarter. Atlantic Family Wealth LLC grew its holdings in U.S. Bancorp by 4.2% in the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock valued at $266,000 after buying an additional 254 shares during the last quarter. YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after buying an additional 260 shares during the last quarter. Finally, Plancorp LLC grew its holdings in U.S. Bancorp by 0.6% in the 1st quarter. Plancorp LLC now owns 45,473 shares of the financial services provider’s stock valued at $1,920,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $45.29 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $70.48 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The business has a 50 day simple moving average of $47.76 and a 200 day simple moving average of $44.69.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion during the quarter, compared to the consensus estimate 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 revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This is a boost 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 4.6%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the firm’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 transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised their target price on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday. DA Davidson lifted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Evercore ISI lifted their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.11.

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.