Farther Finance Advisors LLC Has $2.39 Million Stock Holdings in U.S. Bancorp $USB

Key Points

• Farther Finance Advisors LLC increased its stake in U.S. Bancorp by 26.2%, owning a total of 52,761 shares valued at approximately $2.39 million as of its latest SEC filing.
• Wall Street analysts have raised their price targets for U.S. Bancorp, with Citigroup setting a new target of $65.00 and an overall consensus rating of "Moderate Buy."
• U.S. Bancorp announced a quarterly dividend increase to $0.52 per share, reflecting a yield of 4.1%, with the next dividend payment scheduled for October 15th.

Farther Finance Advisors LLC grew its position in shares of U.S. Bancorp (NYSE:USB - Free Report) by 26.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,761 shares of the financial services provider's stock after acquiring an additional 10,951 shares during the period. Farther Finance Advisors LLC's holdings in U.S. Bancorp were worth $2,387,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of USB. Nuveen LLC purchased a new position in U.S. Bancorp during the first quarter valued at approximately $138,183,000. Vanguard Group Inc. lifted its position in shares of U.S. Bancorp by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock worth $5,962,742,000 after purchasing an additional 2,393,383 shares during the last quarter. GAMMA Investing LLC raised its stake in U.S. Bancorp by 4,160.7% during the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock worth $65,340,000 after acquiring an additional 1,511,293 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of U.S. Bancorp by 17.4% in the first quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider's stock valued at $425,163,000 after acquiring an additional 1,493,318 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of U.S. Bancorp in the fourth quarter valued at about $64,257,000. 77.60% of the stock is owned by institutional investors.

Insider Activity

In other U.S. Bancorp news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction 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 directly owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Trading Down 1.7%

Shares of USB stock traded down $0.87 on Monday, hitting $49.54. The stock had a trading volume of 7,669,906 shares, compared to its average volume of 9,850,851. 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 $77.09 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.58 and a beta of 1.05. 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 $47.11 and its 200-day moving average price is $44.16.

U.S. Bancorp (NYSE:USB - Get Free Report) last announced its earnings results 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. The firm 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%.U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.52 per share. This is a boost from U.S. Bancorp's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp's payout ratio is 47.85%.

Analyst Ratings Changes

USB has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a report on Tuesday, June 10th. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Oppenheimer increased their target price on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Raymond James Financial raised U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Finally, Evercore ISI boosted their target price on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.88.

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.