Intrua Financial LLC Increases Stake in U.S. Bancorp $USB

Key Points

• Intrua Financial LLC increased its stake in U.S. Bancorp by 31.8%, owning 45,305 shares valued at approximately $1.91 million as of the end of the first quarter.
• U.S. Bancorp reported earnings per share of $1.11 in its latest quarterly results, surpassing the consensus estimate of $1.07, and demonstrated a 2% increase in revenue year-over-year.
• The company announced an increase in its quarterly dividend to $0.52 per share, which reflects an annual yield of 4.2% and marks a positive change from the previous dividend rate.

Intrua Financial LLC grew its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 31.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,305 shares of the financial services provider's stock after purchasing an additional 10,921 shares during the quarter. Intrua Financial LLC's holdings in U.S. Bancorp were worth $1,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in USB. Saudi Central Bank bought a new stake in U.S. Bancorp during the 1st quarter valued at $26,000. Westend Capital Management LLC purchased a new position in shares of U.S. Bancorp in the first quarter valued at about $27,000. REAP Financial Group LLC increased its position in shares of U.S. Bancorp by 86.1% in the fourth quarter. REAP Financial Group LLC now owns 642 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 297 shares during the period. YANKCOM Partnership raised its stake in shares of U.S. Bancorp by 59.4% during the first quarter. YANKCOM Partnership now owns 698 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 260 shares during the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of U.S. Bancorp during the first quarter worth about $30,000. Institutional investors own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on USB. DA Davidson boosted their price target on U.S. Bancorp from $49.00 to $52.00 and gave the company a "buy" rating in a report on Monday, July 21st. Truist Financial boosted their target price on U.S. Bancorp from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Citigroup upped their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Morgan Stanley upped their price objective on shares of U.S. Bancorp from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.55.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $49.18 on Thursday. 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 $76.54 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.55 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 business has a fifty day simple moving average of $46.79 and a two-hundred day simple moving average of $43.96.

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, 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 company had revenue of $7.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the business earned $0.98 EPS. U.S. Bancorp'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. On average, equities 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 disclosed 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. The ex-dividend date is Tuesday, September 30th. This is a positive change from U.S. Bancorp's previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. U.S. Bancorp's dividend payout ratio (DPR) is presently 47.85%.

Insider Transactions at U.S. Bancorp

In related news, EVP Souheil Badran sold 23,727 shares of the company's stock in a transaction dated 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 owned 70,346 shares in the company, valued at $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 at this hyperlink. 0.23% of the stock is currently owned by insiders.

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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