42,864 Shares in U.S. Bancorp $USB Bought by Charter Capital Management LLC DE

Key Points

• Charter Capital Management LLC DE has acquired 42,864 shares of U.S. Bancorp valued at approximately $1.94 million, making it the firm’s 10th largest position.
• U.S. Bancorp recently declared a quarterly dividend of $0.52, an increase from the previous $0.50, with a payout ratio of 47.85% and an annualized yield of 4.2%.
• U.S. Bancorp reported an earnings per share (EPS) of $1.11 for the previous quarter, exceeding analysts' expectations, and has a current target price consensus of $52.83.

Charter Capital Management LLC DE acquired a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,864 shares of the financial services provider's stock, valued at approximately $1,940,000. U.S. Bancorp accounts for approximately 1.1% of Charter Capital Management LLC DE's investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bestgate Wealth Advisors LLC increased its stake in shares of U.S. Bancorp by 3.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock worth $339,000 after purchasing an additional 253 shares during the last quarter. Atlantic Family Wealth LLC increased its position in U.S. Bancorp by 4.2% in the first quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock worth $266,000 after buying an additional 254 shares during the last quarter. YANKCOM Partnership lifted its position in shares of U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after buying an additional 260 shares during the last quarter. Plancorp LLC grew its stake in shares of U.S. Bancorp by 0.6% during the 1st quarter. Plancorp LLC now owns 45,473 shares of the financial services provider's stock worth $1,920,000 after acquiring an additional 260 shares during the period. Finally, Formidable Asset Management LLC increased its holdings in U.S. Bancorp by 0.9% in the 1st quarter. Formidable Asset Management LLC now owns 27,830 shares of the financial services provider's stock worth $1,175,000 after acquiring an additional 261 shares during the last quarter. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Price Performance

Shares of U.S. Bancorp stock opened at $49.34 on Wednesday. The firm has a market cap of $76.78 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The company's fifty day simple moving average is $47.18 and its two-hundred day simple moving average is $44.20. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its quarterly 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 company 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 business earned $0.98 EPS. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. 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 EPS for the current year.

U.S. Bancorp Increases Dividend

The business 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. 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. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. U.S. Bancorp's payout ratio is currently 47.85%.

Insider Buying and Selling

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on USB. Morgan Stanley upped their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Evercore ISI raised their price objective on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. Citigroup boosted their target price on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, DA Davidson raised their target price on 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 research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.83.

U.S. Bancorp Company 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.

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