Integrity Alliance LLC. Has $1.13 Million Stock Holdings in U.S. Bancorp $USB

Key Points

• Integrity Alliance LLC increased its U.S. Bancorp holdings by 524.7% in Q1, owning 26,737 shares valued at approximately $1.13 million at the end of the reporting period.
• Analysts have given U.S. Bancorp a consensus rating of "Moderate Buy", with an average target price of $52.55, indicating confidence in the stock's future performance.
• U.S. Bancorp recently declared a higher quarterly dividend of $0.52 per share, up from $0.50, reflecting a 4.2% dividend yield for investors.

Integrity Alliance LLC. boosted its holdings in U.S. Bancorp (NYSE:USB - Free Report) by 524.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,737 shares of the financial services provider's stock after purchasing an additional 22,457 shares during the quarter. Integrity Alliance LLC.'s holdings in U.S. Bancorp were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. TrinityPoint Wealth LLC raised its stake in U.S. Bancorp by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 10,355 shares of the financial services provider's stock worth $495,000 after purchasing an additional 231 shares in the last quarter. CoreCap Advisors LLC raised its stake in U.S. Bancorp by 36.6% in the 4th quarter. CoreCap Advisors LLC now owns 904 shares of the financial services provider's stock worth $43,000 after purchasing an additional 242 shares in the last quarter. Bestgate Wealth Advisors LLC raised its stake in U.S. Bancorp by 3.3% in the 1st quarter. Bestgate Wealth Advisors LLC now owns 8,031 shares of the financial services provider's stock worth $339,000 after purchasing an additional 253 shares in the last quarter. Atlantic Family Wealth LLC raised its stake in U.S. Bancorp by 4.2% in the 1st quarter. Atlantic Family Wealth LLC now owns 6,312 shares of the financial services provider's stock worth $266,000 after purchasing an additional 254 shares in the last quarter. Finally, YANKCOM Partnership raised its stake in U.S. Bancorp by 59.4% in the 1st quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock worth $29,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on USB shares. Citigroup lifted their price objective on shares of U.S. Bancorp from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson raised their target price on shares of U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. TD Cowen started coverage on shares of U.S. Bancorp in a report on Thursday, May 15th. They issued a "buy" rating and a $60.00 target price on the stock. Truist Financial raised their target price on shares of U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, The Goldman Sachs Group raised their target price on shares of U.S. Bancorp from $41.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Trading Up 0.3%

Shares of U.S. Bancorp stock opened at $49.33 on Friday. The firm has a market capitalization of $76.77 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. 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 firm's 50 day moving average is $46.82 and its 200 day moving average is $43.99. U.S. Bancorp has a 1 year low of $35.18 and a 1 year high of $53.98.

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 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 firm's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued 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 of this dividend 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 presently 47.85%.

Insider Activity

In related news, EVP Souheil Badran sold 23,727 shares of U.S. Bancorp 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company's stock.

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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