U.S. Bancorp $USB Stock Position Increased by Morningstar Investment Management LLC

Morningstar Investment Management LLC lifted its position in U.S. Bancorp (NYSE:USB) by 10.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,956 shares of the financial services provider’s stock after buying an additional 1,778 shares during the period. Morningstar Investment Management LLC’s holdings in U.S. Bancorp were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. GAMMA Investing LLC raised its position in shares of U.S. Bancorp by 0.9% during the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider’s stock worth $1,548,000 after purchasing an additional 333 shares during the period. Assenagon Asset Management S.A. raised its position in shares of U.S. Bancorp by 0.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,597 shares of the financial services provider’s stock worth $2,136,000 after purchasing an additional 406 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $44,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $327,000. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 1.9%

NYSE:USB opened at $46.16 on Tuesday. The firm has a market capitalization of $71.83 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.33 and a beta of 1.06. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. 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 business’s fifty day moving average price is $47.79 and its 200 day moving average price is $44.73.

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 the consensus estimate 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 firm had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. U.S. Bancorp’s quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced 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 represents a $2.08 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. U.S. Bancorp’s payout ratio is currently 49.76%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company’s 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 transaction, the executive vice president directly 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 document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on USB shares. Evercore ISI boosted their target price on U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Oppenheimer cut their target price on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of U.S. Bancorp in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.11.

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.