13,966 Shares in U.S. Bancorp $USB Purchased by Smith Salley Wealth Management

Smith Salley Wealth Management acquired a new position in U.S. Bancorp (NYSE:USB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,966 shares of the financial services provider’s stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tritonpoint Wealth LLC bought a new position in U.S. Bancorp in the 2nd quarter valued at about $214,000. Sonora Investment Management Group LLC grew its position in U.S. Bancorp by 0.5% in the 2nd quarter. Sonora Investment Management Group LLC now owns 220,040 shares of the financial services provider’s stock valued at $9,957,000 after buying an additional 1,066 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in U.S. Bancorp by 0.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,631,379 shares of the financial services provider’s stock valued at $73,820,000 after buying an additional 10,520 shares in the last quarter. Stockman Wealth Management Inc. grew its position in U.S. Bancorp by 5.0% in the 2nd quarter. Stockman Wealth Management Inc. now owns 288,982 shares of the financial services provider’s stock valued at $13,076,000 after buying an additional 13,644 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in U.S. Bancorp by 21.7% in the 2nd quarter. Avior Wealth Management LLC now owns 8,034 shares of the financial services provider’s stock valued at $364,000 after buying an additional 1,435 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of USB opened at $49.42 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 50-day moving average of $47.40 and a two-hundred day moving average of $44.38. The stock has a market cap of $76.91 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.55 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.

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. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current 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 issued a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp’s dividend payout ratio is 47.85%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on USB. Morgan Stanley increased their target price on shares of 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 increased their target price on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Citigroup raised their price objective on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, September 19th. 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. Finally, DA Davidson raised their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.83.

Insider Activity at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were 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 $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

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.