NewEdge Advisors LLC Has $3.34 Million Stock Position in U.S. Bancorp $USB

Key Points

• NewEdge Advisors LLC reduced its stake in U.S. Bancorp by 17.7%, now holding 79,125 shares valued at approximately $3.34 million.
• U.S. Bancorp reported a quarterly earnings per share of $1.11, exceeding analysts' expectations of $1.07, with a revenue of $7.06 billion.
• The company recently declared an increased quarterly dividend of $0.52, up from $0.50, resulting in an annualized yield of 4.2%.

NewEdge Advisors LLC decreased its stake in shares of U.S. Bancorp (NYSE:USB - Free Report) by 17.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,125 shares of the financial services provider's stock after selling 17,055 shares during the quarter. NewEdge Advisors LLC's holdings in U.S. Bancorp were worth $3,341,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of U.S. Bancorp by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,902 shares of the financial services provider's stock worth $7,512,000 after acquiring an additional 4,670 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in U.S. Bancorp by 1.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 91,275 shares of the financial services provider's stock valued at $3,854,000 after buying an additional 908 shares in the last quarter. Interval Partners LP grew its holdings in U.S. Bancorp by 87.5% in the 1st quarter. Interval Partners LP now owns 705,833 shares of the financial services provider's stock valued at $29,800,000 after buying an additional 329,444 shares in the last quarter. Curi RMB Capital LLC grew its holdings in U.S. Bancorp by 4.9% in the 1st quarter. Curi RMB Capital LLC now owns 31,752 shares of the financial services provider's stock valued at $1,356,000 after buying an additional 1,487 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in U.S. Bancorp by 0.9% in the 1st quarter. Alliancebernstein L.P. now owns 1,701,639 shares of the financial services provider's stock valued at $71,843,000 after buying an additional 14,921 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company's stock.

Wall Street Analysts Forecast Growth

USB has been the topic of a number of research reports. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Citigroup upped their target price on U.S. Bancorp from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Oppenheimer upped their target price on U.S. Bancorp from $66.00 to $67.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley upped their target price on U.S. Bancorp from $51.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $51.00 to $57.00 in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, U.S. Bancorp presently has an average rating of "Moderate Buy" and an average target price of $52.55.

U.S. Bancorp Price Performance

USB traded down $0.19 on Friday, reaching $49.13. The stock had a trading volume of 8,103,162 shares, compared to its average volume of 8,405,860. U.S. Bancorp has a fifty-two week low of $35.18 and a fifty-two week high of $53.98. The firm has a 50-day moving average of $46.85 and a 200-day moving average of $44.01. 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 company has a market capitalization of $76.46 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05.

U.S. Bancorp (NYSE:USB - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.The business had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate 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. Stockholders of record on Tuesday, September 30th will be paid a $0.52 dividend. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 4.2%. U.S. Bancorp's payout ratio is currently 47.85%.

Insider Buying and Selling at U.S. Bancorp

In other news, EVP Souheil Badran sold 23,727 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the completion of the sale, the executive vice president owned 70,346 shares of the company's stock, valued at approximately $3,259,833.64. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.