U.S. Bancorp $USB Shares Sold by Lakeside Advisors INC.

Lakeside Advisors INC. lessened its stake in shares of U.S. Bancorp (NYSE:USB) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,363 shares of the financial services provider’s stock after selling 1,266 shares during the period. U.S. Bancorp accounts for about 2.9% of Lakeside Advisors INC.’s portfolio, making the stock its 7th biggest position. Lakeside Advisors INC.’s holdings in U.S. Bancorp were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in USB. Nuveen LLC bought a new position in U.S. Bancorp during the 1st quarter worth $138,183,000. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 2,393,383 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 1,493,318 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider’s stock valued at $464,953,000 after purchasing an additional 1,045,509 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of U.S. Bancorp by 124.8% in the 1st quarter. National Bank of Canada FI now owns 1,802,961 shares of the financial services provider’s stock valued at $76,121,000 after purchasing an additional 1,001,097 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

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 dated 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 completion of the transaction, the executive vice president directly owned 70,346 shares of the company’s stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 0.4%

Shares of USB opened at $47.52 on Wednesday. The company has a market capitalization of $73.94 billion, a PE ratio of 11.37, a PEG ratio of 1.49 and a beta of 1.06. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98. The stock’s 50-day moving average price is $47.67 and its two-hundred day moving average price is $44.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping 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 business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, analysts anticipate that U.S. Bancorp will post 4.38 EPS 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. Stockholders 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 dividend yield of 4.4%. U.S. Bancorp’s dividend payout ratio is 49.76%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. DA Davidson raised their target price on U.S. Bancorp from $49.00 to $52.00 and gave the company 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 raised their target price for the company from $51.00 to $57.00 in a report on Monday, July 7th. UBS Group raised their target price on U.S. Bancorp from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup raised their price objective on U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Truist Financial raised their price objective on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.