Resources Management Corp CT ADV Has $981,000 Stock Position in U.S. Bancorp $USB

Resources Management Corp CT ADV reduced its position in U.S. Bancorp (NYSE:USB) by 1.5% in the 1st quarter, HoldingsChannel reports. The firm owned 23,225 shares of the financial services provider’s stock after selling 365 shares during the period. Resources Management Corp CT ADV’s holdings in U.S. Bancorp were worth $981,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd lifted its position in U.S. Bancorp by 271.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 70,216 shares of the financial services provider’s stock worth $2,965,000 after acquiring an additional 51,308 shares during the last quarter. Talon Private Wealth LLC acquired a new stake in U.S. Bancorp during the first quarter worth approximately $257,000. Parkwood LLC lifted its position in U.S. Bancorp by 48.0% during the first quarter. Parkwood LLC now owns 419,392 shares of the financial services provider’s stock worth $17,707,000 after acquiring an additional 135,975 shares during the last quarter. PharVision Advisers LLC acquired a new stake in U.S. Bancorp during the first quarter worth approximately $215,000. Finally, Plancorp LLC lifted its position in U.S. Bancorp by 0.6% during the first quarter. Plancorp LLC now owns 45,473 shares of the financial services provider’s stock worth $1,920,000 after acquiring an additional 260 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on USB. Morgan Stanley upped their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Citigroup lifted their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group lifted their price target on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, June 10th. Evercore ISI lifted their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the company an “in-line” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and a consensus price target of $52.55.

U.S. Bancorp Stock Down 0.7%

Shares of USB opened at $48.81 on Monday. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The company has a market cap of $75.96 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.53 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $46.63 and a two-hundred day simple moving average of $43.87.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm 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 business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp’s dividend payout ratio is 47.85%.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of the company’s stock in a transaction 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 directly owned 70,346 shares in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a 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 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.