OFI Invest Asset Management Increases Stock Holdings in U.S. Bancorp $USB

OFI Invest Asset Management boosted its position in U.S. Bancorp (NYSE:USB) by 63.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,442 shares of the financial services provider’s stock after purchasing an additional 951 shares during the period. OFI Invest Asset Management’s holdings in U.S. Bancorp were worth $111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of USB. Mechanics Financial Corp lifted 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 worth $217,000 after purchasing an additional 240 shares in the last quarter. Northern Financial Advisors Inc raised its holdings in shares of U.S. Bancorp by 5.0% during the 2nd quarter. Northern Financial Advisors Inc now owns 5,033 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 241 shares in the last quarter. Bestgate Wealth Advisors LLC raised its holdings in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 253 shares in the last quarter. Atlantic Family Wealth LLC raised its holdings in shares of U.S. Bancorp by 4.2% during the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 254 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of U.S. Bancorp by 0.9% during the 2nd quarter. Apollon Wealth Management LLC now owns 27,295 shares of the financial services provider’s stock worth $1,235,000 after acquiring an additional 256 shares in the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USB has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of U.S. Bancorp in a report on Wednesday, October 8th. DA Davidson upped 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. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Wall Street Zen raised U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Oppenheimer decreased their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, U.S. Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.11.

U.S. Bancorp Stock Performance

NYSE USB opened at $45.29 on Monday. The company has a market cap of $70.48 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average price is $47.76 and its 200-day moving average price is $44.70. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share 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 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%.The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

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

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 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 of the company’s stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

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.