NorthRock Partners LLC Purchases 469 Shares of U.S. Bancorp $USB

NorthRock Partners LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,657 shares of the financial services provider’s stock after acquiring an additional 469 shares during the quarter. NorthRock Partners LLC’s holdings in U.S. Bancorp were worth $1,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Cascade Investment Advisors Inc. boosted its position in shares of U.S. Bancorp by 1.0% during the second quarter. Cascade Investment Advisors Inc. now owns 68,100 shares of the financial services provider’s stock valued at $3,082,000 after buying an additional 700 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of U.S. Bancorp by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 134,559 shares of the financial services provider’s stock valued at $6,089,000 after buying an additional 500 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of U.S. Bancorp by 3.7% during the second quarter. Sequoia Financial Advisors LLC now owns 178,722 shares of the financial services provider’s stock valued at $8,087,000 after buying an additional 6,427 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of U.S. Bancorp by 89.0% during the second quarter. Total Clarity Wealth Management Inc. now owns 25,491 shares of the financial services provider’s stock valued at $1,153,000 after buying an additional 12,003 shares during the last quarter. Finally, Vest Financial LLC boosted its position in shares of U.S. Bancorp by 39.2% during the second quarter. Vest Financial LLC now owns 17,785 shares of the financial services provider’s stock valued at $805,000 after buying an additional 5,013 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $45.29 on Monday. The firm has a market cap of $70.48 billion, a PE ratio of 10.83, a PEG ratio of 1.33 and a beta of 1.06. The stock’s fifty day moving average price is $47.76 and its two-hundred day moving average price is $44.70. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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. Investors of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s dividend payout ratio is presently 49.76%.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on USB shares. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. DA Davidson boosted their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Truist Financial boosted their price objective on U.S. Bancorp from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. UBS Group boosted their price objective on U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.11.

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.