GW Henssler & Associates Ltd. Purchases Shares of 473,681 U.S. Bancorp $USB

Key Points

• GW Henssler & Associates Ltd. acquired 473,681 shares of U.S. Bancorp, valued at approximately $19.999 million, during the first quarter.
• U.S. Bancorp has received a variety of ratings from analysts, including one Strong Buy, thirteen Buy, and a consensus target price of $52.55.
• The company recently declared a quarterly dividend of $0.50 per share, translating to an annual yield of 4.1%.

GW Henssler & Associates Ltd. bought a new stake in U.S. Bancorp (NYSE:USB - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 473,681 shares of the financial services provider's stock, valued at approximately $19,999,000.

Several other hedge funds have also bought and sold shares of USB. Saudi Central Bank acquired a new stake in U.S. Bancorp in the 1st quarter valued at about $26,000. Westend Capital Management LLC acquired a new stake in U.S. Bancorp during the first quarter worth approximately $27,000. YANKCOM Partnership increased its stake in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after acquiring an additional 260 shares during the period. Alpine Bank Wealth Management bought a new position in U.S. Bancorp during the 1st quarter worth $30,000. Finally, REAP Financial Group LLC raised its holdings in U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction on 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 transaction, 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 hyperlink. 0.23% of the stock is currently owned by insiders.

U.S. Bancorp Trading Up 1.2%

Shares of NYSE:USB traded up $0.61 during mid-day trading on Thursday, reaching $49.15. 5,564,568 shares of the company's stock were exchanged, compared to its average volume of 10,494,415. The firm has a market capitalization of $76.48 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.53 and a beta of 1.05. The business's fifty day moving average price is $46.50 and its 200-day moving average price is $43.89. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a twelve month low of $35.18 and a twelve month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. U.S. Bancorp's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, research analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.50 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.1%. U.S. Bancorp's payout ratio is presently 47.85%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on USB shares. Truist Financial increased their target price on U.S. Bancorp from $48.00 to $50.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $51.00 to $57.00 in a report on Monday, July 7th. 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 report on Monday, July 21st. Finally, Oppenheimer upped their target price on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

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.