Fiduciary Financial Group LLC Raises Holdings in U.S. Bancorp $USB

Fiduciary Financial Group LLC increased its position in U.S. Bancorp (NYSE:USB) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,759 shares of the financial services provider’s stock after buying an additional 481 shares during the quarter. Fiduciary Financial Group LLC’s holdings in U.S. Bancorp were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Confluence Investment Management LLC raised its position in shares of U.S. Bancorp by 1.8% in the 2nd quarter. Confluence Investment Management LLC now owns 1,952,975 shares of the financial services provider’s stock worth $88,372,000 after buying an additional 33,808 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of U.S. Bancorp in the 1st quarter worth $2,547,000. Swedbank AB raised its position in shares of U.S. Bancorp by 22.2% in the 1st quarter. Swedbank AB now owns 677,610 shares of the financial services provider’s stock worth $28,609,000 after buying an additional 123,121 shares during the period. Voya Investment Management LLC raised its position in shares of U.S. Bancorp by 47.8% in the 1st quarter. Voya Investment Management LLC now owns 827,593 shares of the financial services provider’s stock worth $34,941,000 after buying an additional 267,578 shares during the period. Finally, eCIO Inc. purchased a new position in U.S. Bancorp in the first quarter valued at about $47,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson raised their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Raymond James Financial raised U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $51.00 to $57.00 in a research report on Monday, July 7th. Morgan Stanley raised their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Truist Financial raised their price objective on U.S. Bancorp from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, Oppenheimer raised their price objective on U.S. Bancorp from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, U.S. Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Insider Buying and Selling

In related 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 in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 U.S. Bancorp stock opened at $49.13 on Friday. The business has a 50-day moving average of $46.85 and a 200-day moving average of $44.00. 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 company has a market capitalization of $76.46 billion, a PE ratio of 11.75, a P/E/G ratio of 1.55 and a beta of 1.05. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98.

U.S. Bancorp (NYSE:USB) last announced 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 company had revenue of $7.06 billion during 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 was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s payout ratio is 47.85%.

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.