Delphi Management Inc. MA Invests $1.36 Million in U.S. Bancorp $USB

Key Points

• Delphi Management Inc. invested approximately $1.36 million in U.S. Bancorp by acquiring 30,145 shares during the second quarter.
• U.S. Bancorp recently increased its quarterly dividend from $0.50 to $0.52 per share, representing a yield of 4.2%.
• The company's stock is currently rated as a "Moderate Buy"** by analysts, with a consensus price target of $52.55.

Delphi Management Inc. MA purchased a new stake in U.S. Bancorp (NYSE:USB - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,145 shares of the financial services provider's stock, valued at approximately $1,364,000.

Other institutional investors have also added to or reduced their stakes in the company. TrinityPoint Wealth LLC lifted its stake in U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 231 shares during the last quarter. Bestgate Wealth Advisors LLC lifted its stake in shares of U.S. Bancorp by 3.3% in 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 during the last quarter. Atlantic Family Wealth LLC boosted its holdings in shares of 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. YANKCOM Partnership grew 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 worth $29,000 after acquiring an additional 260 shares during the last quarter. Finally, Plancorp LLC grew its position in U.S. Bancorp by 0.6% during the 1st quarter. Plancorp LLC now owns 45,473 shares of the financial services provider's stock worth $1,920,000 after acquiring an additional 260 shares during the last quarter. 77.60% of the stock is currently 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 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 directly owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This trade represents a 25.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 0.4%

U.S. Bancorp stock opened at $49.13 on Friday. The firm has a market cap of $76.46 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.55 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 quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50 day moving average price of $46.85 and a two-hundred day moving average price of $44.00.

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, beating analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a net margin of 16.30% and a return on equity of 13.08%. The company had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 30th. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is 47.85%.

Analysts Set New Price Targets

A number of analysts have recently commented on USB shares. DA Davidson lifted 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. Truist Financial raised their price objective on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Oppenheimer lifted their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group upped their price target 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. Finally, Evercore ISI lifted their price target on shares of U.S. Bancorp from $44.00 to $49.00 and gave the stock an "in-line" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, U.S. Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

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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