Cantor Fitzgerald Investment Advisors L.P. Sells 294 Shares of U.S. Bancorp $USB

Cantor Fitzgerald Investment Advisors L.P. decreased its holdings in U.S. Bancorp (NYSE:USB) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,965 shares of the financial services provider’s stock after selling 294 shares during the period. U.S. Bancorp comprises approximately 1.1% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 29th biggest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in U.S. Bancorp were worth $15,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in USB. Nuveen LLC acquired a new stake in shares of U.S. Bancorp during the 1st quarter worth about $138,183,000. Vanguard Group Inc. raised its holdings in U.S. Bancorp by 1.7% in the 1st 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 during the period. American Century Companies Inc. raised its holdings in U.S. Bancorp by 17.4% in the 1st 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 during the period. Goldman Sachs Group Inc. lifted 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 worth $464,953,000 after acquiring an additional 1,045,509 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of 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 worth $76,121,000 after acquiring an additional 1,001,097 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on USB shares. Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Truist Financial increased 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. DA Davidson boosted their target price 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 raised their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 10th. Finally, Citigroup boosted their price objective 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. 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.26.

U.S. Bancorp Trading Down 0.9%

USB opened at $47.87 on Thursday. The stock has a market capitalization of $74.50 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.51 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. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98. The company has a 50-day simple moving average of $47.54 and a 200 day simple moving average of $44.48.

U.S. Bancorp (NYSE:USB) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 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 analysts’ expectations of $7.07 billion. During the same period in the previous year, the company earned $0.98 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 30th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.3%. U.S. Bancorp’s dividend payout ratio is currently 49.76%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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.