U.S. Bancorp $USB Shares Acquired by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC increased its stake in U.S. Bancorp by 105.2% in the first quarter, holding 51,068 shares worth $2,156,000 by the end of the period.
• Multiple analysts have raised their price targets for U.S. Bancorp, with a consensus rating of "Moderate Buy" and an average target price of $52.55.
• The company recently announced a $0.50 quarterly dividend, representing an annualized dividend yield of 4.1%, with a payout ratio of 47.85%.

CreativeOne Wealth LLC boosted its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 105.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,068 shares of the financial services provider's stock after buying an additional 26,178 shares during the quarter. CreativeOne Wealth LLC's holdings in U.S. Bancorp were worth $2,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the 1st quarter valued at about $27,000. REAP Financial Group LLC lifted its holdings in U.S. Bancorp by 86.1% during the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after buying an additional 297 shares in the last quarter. YANKCOM Partnership lifted its holdings 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 buying an additional 260 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in U.S. Bancorp during the 1st quarter valued at about $30,000. Finally, Rakuten Securities Inc. lifted its holdings in U.S. Bancorp by 1,212.1% during the 1st quarter. Rakuten Securities Inc. now owns 761 shares of the financial services provider's stock valued at $32,000 after buying an additional 703 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on USB. 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. TD Cowen began coverage on shares of U.S. Bancorp in a research report on Thursday, May 15th. They set a "buy" rating and a $60.00 target price on the stock. Truist Financial raised their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, DA Davidson raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, July 21st. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.55.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $46.34, for a total transaction of $1,099,509.18. Following the sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

NYSE:USB traded down $0.45 during trading hours on Tuesday, hitting $48.38. 3,786,541 shares of the company were exchanged, compared to its average volume of 10,514,801. The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.53 and a beta of 1.05. U.S. Bancorp has a 52-week low of $35.18 and a 52-week high of $53.98. 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's 50 day moving average price is $46.34 and its 200-day moving average price is $43.83.

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 for the quarter, topping the consensus estimate of $1.07 by $0.04. The company 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%. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Dividend Announcement

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

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.