Howe & Rusling Inc. Sells 73,016 Shares of U.S. Bancorp $USB

Key Points

• Howe & Rusling Inc. significantly reduced its holdings in U.S. Bancorp by 81.5%, selling 73,016 shares in the first quarter and leaving it with only 16,604 shares valued at $701,000.
• U.S. Bancorp recently increased its quarterly dividend from $0.50 to $0.52 per share, providing a yield of 4.2%, with payment scheduled for October 15th.
• After exceeding analysts' expectations with an EPS of $1.11 for the latest quarter, U.S. Bancorp has set its FY 2025 guidance and analysts predict an EPS of 4.38 for the current year.

Howe & Rusling Inc. lowered its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 81.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,604 shares of the financial services provider's stock after selling 73,016 shares during the quarter. Howe & Rusling Inc.'s holdings in U.S. Bancorp were worth $701,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Saudi Central Bank bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $26,000. Westend Capital Management LLC bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $27,000. 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 in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of U.S. Bancorp in the 1st quarter valued at about $30,000. Finally, REAP Financial Group LLC raised its holdings in shares of U.S. Bancorp by 86.1% in the 4th quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 77.60% of the company's stock.

U.S. Bancorp Trading Down 0.4%

Shares of U.S. Bancorp stock opened at $49.13 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. U.S. Bancorp has a 12-month low of $35.18 and a 12-month high of $53.98. The firm has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.55 and a beta of 1.05. The firm's 50 day simple moving average is $46.85 and its two-hundred day simple moving average is $44.01.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $7.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the business posted $0.98 EPS. U.S. Bancorp'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. Analysts predict that U.S. Bancorp will post 4.38 EPS for the current year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

Insider Transactions at U.S. Bancorp

In other U.S. Bancorp 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 transaction of $1,099,509.18. Following the transaction, the executive vice president 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on USB shares. Citigroup boosted their price target on shares of U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Raymond James Financial upgraded shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $51.00 to $57.00 in a research note on Monday, July 7th. Evercore ISI boosted their price objective 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. DA Davidson boosted their price objective on shares of U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued 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 $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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