Loudon Investment Management LLC Trims Position in U.S. Bancorp $USB

Loudon Investment Management LLC decreased its holdings in shares of U.S. Bancorp (NYSE:USB) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 58,005 shares of the financial services provider’s stock after selling 280 shares during the period. U.S. Bancorp accounts for about 1.5% of Loudon Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Loudon Investment Management LLC’s holdings in U.S. Bancorp were worth $2,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lynx Investment Advisory boosted its stake in U.S. Bancorp by 4.1% in the 2nd quarter. Lynx Investment Advisory now owns 7,839 shares of the financial services provider’s stock worth $355,000 after buying an additional 312 shares during the last quarter. Forza Wealth Management LLC boosted its position in shares of U.S. Bancorp by 15.2% in the second quarter. Forza Wealth Management LLC now owns 10,815 shares of the financial services provider’s stock worth $489,000 after acquiring an additional 1,425 shares during the last quarter. PFG Investments LLC grew its holdings in U.S. Bancorp by 3.3% in the second quarter. PFG Investments LLC now owns 10,119 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 325 shares during the period. Midwest Financial Group LLC grew its holdings in U.S. Bancorp by 2.7% in the second quarter. Midwest Financial Group LLC now owns 33,651 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 900 shares during the period. Finally, Alley Investment Management Company LLC increased its position in U.S. Bancorp by 1.9% during the second quarter. Alley Investment Management Company LLC now owns 143,445 shares of the financial services provider’s stock worth $6,491,000 after purchasing an additional 2,687 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

U.S. Bancorp stock opened at $48.34 on Wednesday. The firm has a market capitalization of $75.23 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The stock’s 50 day moving average price is $47.51 and its 200 day moving average price is $44.45. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81.

U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the company earned $0.98 earnings per share. U.S. Bancorp’s revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared 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 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 annualized dividend and a yield of 4.3%. U.S. Bancorp’s payout ratio is presently 47.85%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Oppenheimer lowered their price objective on shares of U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Truist Financial lifted their target price on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Evercore ISI raised 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. Finally, Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the stock an “equal weight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.26.

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.