GW Henssler & Associates Ltd. Increases Position in U.S. Bancorp $USB

Key Points

• GW Henssler & Associates Ltd. increased its stake in U.S. Bancorp by 6.2% in Q2, holding 502,882 shares worth approximately $22.76 million.
• U.S. Bancorp recently raised its quarterly dividend from $0.50 to $0.52, representing a dividend yield of 4.6% and a 49.76% payout ratio.
• Analyst ratings for U.S. Bancorp are predominantly positive, with an average rating of "Moderate Buy" and a consensus target price of $53.11.

GW Henssler & Associates Ltd. boosted its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 502,882 shares of the financial services provider's stock after acquiring an additional 29,201 shares during the period. GW Henssler & Associates Ltd.'s holdings in U.S. Bancorp were worth $22,755,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in U.S. Bancorp during the 1st quarter valued at about $26,000. Westend Capital Management LLC purchased a new stake in U.S. Bancorp during the 1st quarter valued at about $27,000. YANKCOM Partnership grew its stake in U.S. Bancorp by 59.4% during the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in U.S. Bancorp during the 1st quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC grew its stake in U.S. Bancorp by 118.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 776 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Analyst Ratings Changes

USB has been the subject of several analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of U.S. Bancorp in a research note on Wednesday. Citigroup increased their price target on shares of U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Wall Street Zen raised shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Truist Financial increased their price target on shares of U.S. Bancorp from $49.00 to $51.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Finally, Morgan Stanley set a $56.00 price target on shares of U.S. Bancorp and gave the company an "equal weight" rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, U.S. Bancorp has an average rating of "Moderate Buy" and a consensus target price of $53.11.

Insider Activity at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $45.29 on Friday. The firm's 50 day moving average price is $47.76 and its 200-day moving average price is $44.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.81. U.S. Bancorp has a one year low of $35.18 and a one year high of $53.98. The firm has a market cap of $70.48 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.42 and a beta of 1.06.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business posted $0.98 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that U.S. Bancorp will post 4.38 EPS for the current 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 $0.52 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 4.6%. This is an increase from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is currently 49.76%.

U.S. Bancorp Company 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.

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