KRS Capital Management LLC Has $249,000 Stock Position in U.S. Bancorp $USB

KRS Capital Management LLC grew its position in shares of U.S. Bancorp (NYSE:USB) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,509 shares of the financial services provider’s stock after acquiring an additional 310 shares during the quarter. KRS Capital Management LLC’s holdings in U.S. Bancorp were worth $249,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in U.S. Bancorp during the 1st quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the 1st quarter worth approximately $27,000. YANKCOM Partnership boosted its position in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in U.S. Bancorp during the 1st quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its position in U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 420 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Souheil Badran sold 23,727 shares of the 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 sale, the executive vice president owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Up 0.2%

USB opened at $47.07 on Friday. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The stock’s fifty day simple moving average is $47.73 and its 200 day simple moving average is $44.68. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market cap of $73.25 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The firm’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, research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm 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 $0.52 dividend. 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 dividend on an annualized basis and a yield of 4.4%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 49.76%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday. Oppenheimer cut their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. DA Davidson increased their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a report on Monday, July 21st. UBS Group increased their price objective on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.11.

U.S. Bancorp Company 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.