LifeSteps Financial Inc. Sells 615 Shares of U.S. Bancorp $USB

LifeSteps Financial Inc. reduced its stake in U.S. Bancorp (NYSE:USB) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,756 shares of the financial services provider’s stock after selling 615 shares during the period. U.S. Bancorp makes up 1.6% of LifeSteps Financial Inc.’s portfolio, making the stock its 15th largest holding. LifeSteps Financial Inc.’s holdings in U.S. Bancorp were worth $2,297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crestwood Advisors Group LLC increased its holdings in U.S. Bancorp by 10.6% in the 1st quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 649 shares during the last quarter. Ally Financial Inc. increased its holdings in U.S. Bancorp by 12.3% in the 1st quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider’s stock valued at $3,842,000 after acquiring an additional 10,000 shares during the last quarter. United Community Bank increased its holdings in U.S. Bancorp by 21.8% in the 1st quarter. United Community Bank now owns 49,066 shares of the financial services provider’s stock valued at $2,072,000 after acquiring an additional 8,796 shares during the last quarter. Jump Financial LLC increased its holdings in U.S. Bancorp by 1,952.5% in the 1st quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider’s stock valued at $35,478,000 after acquiring an additional 799,368 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of U.S. Bancorp by 9.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider’s stock worth $27,585,000 after buying an additional 55,054 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.

U.S. Bancorp Price Performance

U.S. Bancorp stock opened at $47.52 on Wednesday. The stock has a market cap of $73.94 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. 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. The firm has a 50-day moving average of $47.67 and a two-hundred day moving average of $44.64.

U.S. Bancorp (NYSE:USB) last released 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. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share 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. Shareholders of record on Tuesday, September 30th will be given a $0.52 dividend. 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 4.4%. U.S. Bancorp’s dividend payout ratio is presently 49.76%.

Insider Activity at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the completion of the transaction, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on USB. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Wall Street Zen raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Morgan Stanley set a $56.00 price objective on shares of U.S. Bancorp and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Raymond James Financial raised shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average 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.