HB Wealth Management LLC Has $10.27 Million Stock Holdings in U.S. Bancorp $USB

Key Points

• HB Wealth Management LLC increased its stake in U.S. Bancorp by 5.9%, holding 226,907 shares valued at approximately $10.27 million.
• U.S. Bancorp recently announced a quarterly dividend increase from $0.50 to $0.52 per share, reflecting a 4.3% dividend yield.
• The company reported $1.11 earnings per share for the last quarter, surpassing estimates, with a quarterly revenue of $7.06 billion.

HB Wealth Management LLC raised its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,907 shares of the financial services provider's stock after purchasing an additional 12,672 shares during the quarter. HB Wealth Management LLC's holdings in U.S. Bancorp were worth $10,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bestgate Wealth Advisors LLC raised its stake in shares of U.S. Bancorp by 3.3% in the first 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 lifted its position in 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 worth $266,000 after buying an additional 254 shares in the last quarter. YANKCOM Partnership raised its holdings in shares of U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 260 shares during the period. Plancorp LLC grew its stake in U.S. Bancorp by 0.6% in the 1st quarter. Plancorp LLC now owns 45,473 shares of the financial services provider's stock valued at $1,920,000 after buying an additional 260 shares during the last quarter. Finally, Formidable Asset Management LLC grew its position in shares of U.S. Bancorp by 0.9% during the 1st quarter. Formidable Asset Management LLC now owns 27,830 shares of the financial services provider's stock worth $1,175,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 1.0%

NYSE:USB opened at $48.94 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $76.16 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The firm's 50 day moving average is $47.46 and its 200 day moving average is $44.42. U.S. Bancorp has a 12 month low of $35.18 and a 12 month high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. The company 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%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Sell-side analysts expect that U.S. Bancorp will post 4.38 earnings per share for the current year.

U.S. Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. U.S. Bancorp's dividend payout ratio is currently 49.76%.

Analyst Ratings Changes

USB has been the topic of several analyst reports. 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. Evercore ISI raised their price target on shares of 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. Oppenheimer dropped their price target on shares of U.S. Bancorp from $67.00 to $66.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Citigroup lifted their target price on shares of U.S. Bancorp from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Finally, Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.02.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the company'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 completion of the sale, the executive vice president directly owned 70,346 shares in the company, valued at $3,259,833.64. This represents a 25.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is owned by corporate insiders.

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.

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