Wealthcare Advisory Partners LLC Has $1.57 Million Position in U.S. Bancorp $USB

Wealthcare Advisory Partners LLC increased its position in U.S. Bancorp (NYSE:USB) by 1.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 34,756 shares of the financial services provider’s stock after acquiring an additional 362 shares during the period. Wealthcare Advisory Partners LLC’s holdings in U.S. Bancorp were worth $1,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in U.S. Bancorp during the first quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in U.S. Bancorp during the first quarter valued at approximately $27,000. YANKCOM Partnership grew its holdings in U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in U.S. Bancorp during the first quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in U.S. Bancorp by 118.0% during the first quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley set a $56.00 price target on U.S. Bancorp and gave the company an “equal weight” rating in a report on Monday, September 29th. Raymond James Financial upgraded shares of U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. UBS Group raised their price objective on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore ISI raised their price objective on shares of U.S. Bancorp from $49.00 to $54.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Finally, DA Davidson raised their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. One investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.11.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 sale, the executive vice president owned 70,346 shares in the company, valued at $3,259,833.64. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by corporate insiders.

U.S. Bancorp Stock Down 0.4%

USB opened at $47.52 on Wednesday. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. 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’s fifty day moving average price is $47.67 and its two-hundred day moving average price is $44.64. The company has a market capitalization of $73.94 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.49 and a beta of 1.06.

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, topping analysts’ consensus estimates 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 firm had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This is an increase from U.S. Bancorp’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp’s dividend payout ratio is presently 49.76%.

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.