Good Steward Wealth Advisors LLC Decreases Stake in U.S. Bancorp $USB

Key Points

• Good Steward Wealth Advisors LLC reduced its stake in U.S. Bancorp by 49.0% in the second quarter, holding 8,551 shares valued at $387,000 after selling 8,216 shares.
• Despite the decrease from Good Steward, other institutional investors, such as Vanguard Group and Amundi, have increased their stakes, indicating a mixed sentiment among shareholders.
• U.S. Bancorp announced a quarterly dividend of $0.52 per share, reflecting an increase from its previous dividend of $0.50 and a yield of 4.2%.

Good Steward Wealth Advisors LLC decreased its position in U.S. Bancorp (NYSE:USB - Free Report) by 49.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,551 shares of the financial services provider's stock after selling 8,216 shares during the period. Good Steward Wealth Advisors LLC's holdings in U.S. Bancorp were worth $387,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 buying an additional 2,393,383 shares during the last quarter. Amundi increased its stake in shares of U.S. Bancorp by 2.2% during the 1st quarter. Amundi now owns 19,907,665 shares of the financial services provider's stock worth $773,268,000 after purchasing an additional 422,050 shares during the last quarter. Davis Selected Advisers increased its stake in shares of U.S. Bancorp by 3.6% during the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock worth $628,614,000 after purchasing an additional 513,875 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of U.S. Bancorp by 0.8% during the 1st 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 purchasing an additional 104,185 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of U.S. Bancorp by 11.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,574,919 shares of the financial services provider's stock worth $601,458,000 after purchasing an additional 1,339,493 shares during the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Activity

In other news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 completion of the sale, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Down 0.4%

Shares of NYSE:USB opened at $49.13 on Friday. The firm has a fifty day moving average price of $46.85 and a two-hundred day moving average price of $44.00. 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 has a one year low of $35.18 and a one year high of $53.98. The company 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 (NYSE:USB - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the firm earned $0.98 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Analysts anticipate that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI raised 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 research note on Wednesday, June 4th. Morgan Stanley raised their price target on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. The Goldman Sachs Group lifted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Citigroup lifted their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Oppenheimer lifted their price objective on shares of U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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