Capital Management Associates Inc Trims Stake in U.S. Bancorp $USB

Key Points

• Capital Management Associates Inc reduced its stake in U.S. Bancorp by 51.3%, holding 10,022 shares valued at $453,000 after selling 10,572 shares in the second quarter.
• U.S. Bancorp announced a dividend increase to $0.52 per share from $0.50, with a dividend yield of 4.4% and an upcoming payment date of October 15th for stockholders of record on September 30th.
• Multiple analysts have adjusted their price targets for U.S. Bancorp, with estimates ranging from $50.00 to $65.00, reflecting a consensus rating of "Moderate Buy."

Capital Management Associates Inc lowered its position in U.S. Bancorp (NYSE:USB - Free Report) by 51.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,022 shares of the financial services provider's stock after selling 10,572 shares during the quarter. Capital Management Associates Inc's holdings in U.S. Bancorp were worth $453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Financial Advisors Inc raised its holdings in shares of U.S. Bancorp by 5.0% in the second quarter. Northern Financial Advisors Inc now owns 5,033 shares of the financial services provider's stock worth $228,000 after buying an additional 241 shares during the period. Abel Hall LLC purchased a new stake in U.S. Bancorp in the second quarter worth $297,000. REAP Financial Group LLC increased its stake in U.S. Bancorp by 69.5% in the second quarter. REAP Financial Group LLC now owns 1,775 shares of the financial services provider's stock worth $80,000 after purchasing an additional 728 shares during the period. Venturi Wealth Management LLC increased its stake in U.S. Bancorp by 8.5% in the second quarter. Venturi Wealth Management LLC now owns 8,523 shares of the financial services provider's stock worth $386,000 after purchasing an additional 669 shares during the period. Finally, Shell Asset Management Co. increased its stake in U.S. Bancorp by 61.2% in the second quarter. Shell Asset Management Co. now owns 41,873 shares of the financial services provider's stock worth $1,895,000 after purchasing an additional 15,893 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Trading Down 1.1%

Shares of NYSE:USB opened at $47.00 on Thursday. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98. The firm has a market capitalization of $73.14 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. 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 business's 50 day moving average price is $47.69 and its 200-day moving average price is $44.65.

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 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 the consensus estimate of $7.07 billion. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. U.S. Bancorp's dividend payout ratio (DPR) is 49.76%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of U.S. Bancorp from $49.00 to $50.00 and gave the stock a "neutral" rating in a research note on Tuesday. Morgan Stanley set a $56.00 target price on shares of U.S. Bancorp and gave the stock an "equal weight" rating in a research report on Monday, September 29th. Evercore ISI raised their price objective on U.S. Bancorp from $49.00 to $54.00 and gave the stock an "in-line" rating in a report on Tuesday, September 30th. Citigroup raised their price objective on U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, DA Davidson raised their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, U.S. Bancorp has a consensus rating of "Moderate Buy" and an average price target of $53.11.

Insider Buying and Selling at U.S. Bancorp

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the firm's stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.