Emerald Advisors LLC Has $249,000 Stock Position in U.S. Bancorp $USB

Key Points

• Emerald Advisors LLC significantly reduced its holdings in U.S. Bancorp by 59.3% in Q2, leaving them with shares worth $249,000.
• U.S. Bancorp recently announced a dividend increase to $0.52 per share, reflecting an annualized dividend yield of 4.3%.
• Wall Street analysts exhibit bullish sentiment, with over twelve analysts rating the stock as a Buy and an average price target of $53.02.

Emerald Advisors LLC reduced its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 59.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,509 shares of the financial services provider's stock after selling 8,015 shares during the quarter. Emerald Advisors LLC's holdings in U.S. Bancorp were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in U.S. Bancorp by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock valued at $5,962,742,000 after acquiring an additional 2,393,383 shares during the period. Amundi increased its position in U.S. Bancorp by 2.2% in the 1st quarter. Amundi now owns 19,907,665 shares of the financial services provider's stock valued at $773,268,000 after acquiring an additional 422,050 shares during the period. Davis Selected Advisers increased its position in U.S. Bancorp by 3.6% in the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock valued at $628,614,000 after acquiring an additional 513,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of U.S. Bancorp by 0.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,679,104 shares of the financial services provider's stock worth $535,312,000 after buying an additional 104,185 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of U.S. Bancorp by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider's stock worth $464,953,000 after buying an additional 1,045,509 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $46.34, for a total value of $1,099,509.18. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of U.S. Bancorp from $49.00 to $51.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $51.00 to $57.00 in a research report on Monday, July 7th. Citigroup increased their price objective on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Morgan Stanley set a $56.00 price objective on shares of U.S. Bancorp and gave the stock an "equal weight" rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $53.02.

U.S. Bancorp Stock Down 1.0%

Shares of NYSE USB opened at $48.94 on Tuesday. The firm has a market cap of $76.16 billion, a PE ratio of 11.71, a P/E/G ratio of 1.55 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's fifty day simple moving average is $47.46 and its 200 day simple moving average is $44.42. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, sell-side 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. Shareholders of record on Tuesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, September 30th. U.S. Bancorp's payout ratio is 49.76%.

U.S. Bancorp 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.