Callan Family Office LLC Has $1.87 Million Stock Position in U.S. Bancorp $USB

Key Points

• Callan Family Office LLC significantly increased its stock position in U.S. Bancorp by 92.2%, owning 41,361 shares valued at $1.87 million after purchasing an additional 19,844 shares in Q2.
• The quarterly dividend has been raised to $0.52, marking a boost from the previous $0.50 per share, with a dividend yield of 4.6%.
• U.S. Bancorp's recent earnings report indicated $1.11 EPS, exceeding estimates, and the company's stock has a current market capitalization of $70.48 billion.

Callan Family Office LLC increased its position in U.S. Bancorp (NYSE:USB - Free Report) by 92.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,361 shares of the financial services provider's stock after purchasing an additional 19,844 shares during the quarter. Callan Family Office LLC's holdings in U.S. Bancorp were worth $1,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USB. Brighton Jones LLC increased its position in U.S. Bancorp by 323.0% in the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider's stock worth $2,309,000 after purchasing an additional 36,863 shares during the period. GAMMA Investing LLC increased its position in U.S. Bancorp by 0.9% in the first quarter. GAMMA Investing LLC now owns 36,656 shares of the financial services provider's stock worth $1,548,000 after purchasing an additional 333 shares during the period. Simplicity Wealth LLC acquired a new stake in U.S. Bancorp in the first quarter worth about $205,000. Integrated Advisors Network LLC increased its position in U.S. Bancorp by 12.7% in the first quarter. Integrated Advisors Network LLC now owns 16,237 shares of the financial services provider's stock worth $686,000 after purchasing an additional 1,835 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in U.S. Bancorp by 0.8% in the first quarter. Assenagon Asset Management S.A. now owns 50,597 shares of the financial services provider's stock worth $2,136,000 after purchasing an additional 406 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the company's 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 completion of the transaction, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by company insiders.

U.S. Bancorp Price Performance

Shares of USB opened at $45.29 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $47.76 and a 200 day simple moving average of $44.69. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. The firm has a market capitalization of $70.48 billion, a PE ratio of 10.83, a P/E/G ratio of 1.42 and a beta of 1.06.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data 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. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the firm earned $0.98 EPS. U.S. Bancorp's quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts predict that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's payout ratio is presently 49.76%.

Wall Street Analyst Weigh In

USB has been the subject of several analyst reports. Oppenheimer decreased their target price on U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Morgan Stanley set a $56.00 target price on U.S. Bancorp and gave the stock an "equal weight" rating in a research report on Monday, September 29th. Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of U.S. Bancorp in a research report on Wednesday. One 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 assigned a Sell rating to the stock. According to MarketBeat, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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