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Cultivar Capital Inc. Makes New Investment in U.S. Bancorp $USB

U.S. Bancorp logo with Finance background

Key Points

  • Cultivar Capital Inc. has acquired a new stake of 8,275 shares in U.S. Bancorp valued at approximately $374,000, now making up about 0.3% of their portfolio.
  • U.S. Bancorp recently reported earnings of $1.11 per share for the quarter, exceeding expectations, with a revenue of $7.06 billion.
  • The company declared a quarterly dividend increase, now at $0.52 per share, representing a 4.2% dividend yield, up from its previous $0.50 amount.
  • Interested in U.S. Bancorp? Here are five stocks we like better.

Cultivar Capital Inc. acquired a new position in shares of U.S. Bancorp (NYSE:USB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,275 shares of the financial services provider's stock, valued at approximately $374,000. U.S. Bancorp accounts for 0.3% of Cultivar Capital Inc.'s holdings, making the stock its 22nd largest holding.

Several other large investors also recently modified their holdings of the stock. Saudi Central Bank acquired a new stake in shares of U.S. Bancorp during the first quarter valued at about $26,000. Westend Capital Management LLC bought a new stake in U.S. Bancorp during the first quarter worth $27,000. YANKCOM Partnership boosted its position in U.S. Bancorp by 59.4% in the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in U.S. Bancorp in the first quarter worth $30,000. Finally, REAP Financial Group LLC lifted its position in shares of 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 during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at U.S. Bancorp

In other 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 completion of the sale, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

U.S. Bancorp Trading Up 0.4%

Shares of USB traded up $0.22 during mid-day trading on Friday, reaching $50.43. 3,695,075 shares of the company's stock traded hands, compared to its average volume of 10,463,353. The stock's 50-day moving average is $46.99 and its two-hundred day moving average is $44.10. The stock has a market cap of $78.47 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.56 and a beta of 1.05. U.S. Bancorp has a 12 month low of $35.18 and a 12 month 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.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced 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 analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. 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 firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's payout ratio is 47.85%.

Wall Street Analyst Weigh In

USB has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price objective on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Oppenheimer raised their target price on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating on shares of U.S. Bancorp in a research report on Friday. Finally, Truist Financial lifted their target price on U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $52.60.

Get Our Latest Stock Analysis on USB

U.S. Bancorp Profile

(Free Report)

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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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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