U.S. Bancorp $USB Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has reduced its stake in U.S. Bancorp by 0.2%, selling 6,785 shares but still holding over 3.2 million shares valued at approximately $135.4 million.
• U.S. Bancorp has received positive adjustments to its target stock price from several analysts including Citigroup and DA Davidson, reflecting an overall 'Moderate Buy' rating from research reports.
• Recently, U.S. Bancorp declared a quarterly dividend of $0.50 per share, maintaining a dividend yield of 4.1%, which is backed by a payout ratio of 47.85%.

Ameriprise Financial Inc. decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,204,016 shares of the financial services provider's stock after selling 6,785 shares during the quarter. Ameriprise Financial Inc. owned about 0.21% of U.S. Bancorp worth $135,423,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in USB. TrinityPoint Wealth LLC boosted its position in U.S. Bancorp by 2.3% during the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after acquiring an additional 231 shares in the last quarter. CoreCap Advisors LLC boosted its position in U.S. Bancorp by 36.6% during the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC boosted its position in 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 valued at $339,000 after acquiring an additional 253 shares in the last quarter. Atlantic Family Wealth LLC boosted its position in U.S. Bancorp by 4.2% during the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 254 shares in the last quarter. Finally, YANKCOM Partnership boosted its position in 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 acquiring an additional 260 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

Shares of NYSE:USB traded up $0.39 during midday trading on Friday, hitting $49.06. The company had a trading volume of 2,967,618 shares, compared to its average volume of 10,498,547. 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 company has a market cap of $76.34 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.53 and a beta of 1.01. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The company has a fifty day moving average of $46.14 and a two-hundred day moving average of $43.86.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. 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 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Buying and Selling at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 owned 70,346 shares in the company, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on USB shares. The Goldman Sachs Group boosted their price target on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. DA Davidson boosted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Finally, Citigroup increased their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average target price of $52.55.

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.