Venturi Wealth Management LLC Acquires 669 Shares of U.S. Bancorp $USB

Venturi Wealth Management LLC raised its holdings in U.S. Bancorp (NYSE:USB) by 8.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,523 shares of the financial services provider’s stock after purchasing an additional 669 shares during the quarter. Venturi Wealth Management LLC’s holdings in U.S. Bancorp were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Crestwood Advisors Group LLC raised its position in shares of U.S. Bancorp by 10.6% during the first quarter. Crestwood Advisors Group LLC now owns 6,784 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 649 shares during the last quarter. Ally Financial Inc. raised its position in shares of U.S. Bancorp by 12.3% during the first quarter. Ally Financial Inc. now owns 91,000 shares of the financial services provider’s stock worth $3,842,000 after acquiring an additional 10,000 shares during the last quarter. United Community Bank raised its position in shares of U.S. Bancorp by 21.8% during the first quarter. United Community Bank now owns 49,066 shares of the financial services provider’s stock worth $2,072,000 after acquiring an additional 8,796 shares during the last quarter. Jump Financial LLC raised its position in shares of U.S. Bancorp by 1,952.5% during the first quarter. Jump Financial LLC now owns 840,308 shares of the financial services provider’s stock worth $35,478,000 after acquiring an additional 799,368 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of U.S. Bancorp by 9.2% during the first quarter. Asset Management One Co. Ltd. now owns 653,367 shares of the financial services provider’s stock worth $27,585,000 after acquiring an additional 55,054 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business’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 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. The trade was a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

U.S. Bancorp Stock Down 3.8%

NYSE:USB opened at $45.29 on Friday. 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 stock has a market cap of $70.48 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.47 and a beta of 1.06. The stock has a 50-day moving average price of $47.76 and a two-hundred day moving average price of $44.69.

U.S. Bancorp (NYSE:USB) last posted its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 4.6%. U.S. Bancorp’s payout ratio is presently 49.76%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. Wall Street Zen upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Citigroup boosted their target price on U.S. Bancorp from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Raymond James Financial upgraded U.S. Bancorp from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Oppenheimer dropped their price objective on U.S. Bancorp from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $53.11.

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.