Strategic Planning Group LLC Has $5.50 Million Stake in U.S. Bancorp $USB

Key Points

• Strategic Planning Group LLC increased its stake in U.S. Bancorp by 24.1% during Q2, now holding 121,475 shares valued at approximately $5.5 million.
• U.S. Bancorp recently raised its quarterly dividend from $0.50 to $0.52, reflecting a 4.1% dividend yield for shareholders.
• Analysts have bullish sentiments towards U.S. Bancorp, with multiple firms raising their price targets, and the stock currently holds a consensus rating of "Moderate Buy".

Strategic Planning Group LLC raised its stake in U.S. Bancorp (NYSE:USB - Free Report) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,475 shares of the financial services provider's stock after purchasing an additional 23,560 shares during the period. Strategic Planning Group LLC's holdings in U.S. Bancorp were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of U.S. Bancorp by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock worth $5,962,742,000 after buying an additional 2,393,383 shares during the period. Amundi grew its holdings in U.S. Bancorp by 2.2% in the 1st quarter. Amundi now owns 19,907,665 shares of the financial services provider's stock valued at $773,268,000 after buying an additional 422,050 shares in the last quarter. Davis Selected Advisers grew its holdings in shares of U.S. Bancorp by 3.6% during the 1st quarter. Davis Selected Advisers now owns 14,889,014 shares of the financial services provider's stock worth $628,614,000 after purchasing an additional 513,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in U.S. Bancorp by 0.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,679,104 shares of the financial services provider's stock valued at $535,312,000 after acquiring an additional 104,185 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in U.S. Bancorp by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,012,635 shares of the financial services provider's stock valued at $464,953,000 after purchasing an additional 1,045,509 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Transactions at U.S. Bancorp

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

Analysts Set New Price Targets

A number of research firms recently weighed in on USB. Raymond James Financial upgraded U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $51.00 to $57.00 in a research note on Monday, July 7th. Citigroup upped their target price on U.S. Bancorp from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Friday. Evercore ISI boosted their price target on U.S. Bancorp from $44.00 to $49.00 and gave the company an "in-line" rating in a research report on Wednesday, June 4th. Oppenheimer upped their target price on U.S. Bancorp from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded U.S. Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.88.

U.S. Bancorp Stock Down 1.7%

Shares of NYSE:USB traded down $0.87 during midday trading on Monday, reaching $49.54. The company had a trading volume of 7,669,906 shares, compared to its average volume of 9,850,851. U.S. Bancorp has a 1-year low of $35.18 and a 1-year high of $53.98. The stock has a market cap of $77.09 billion, a PE ratio of 11.85, a P/E/G ratio of 1.58 and a beta of 1.05. The business's 50 day moving average price is $47.11 and its 200 day moving average price is $44.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

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 EPS for the quarter, beating 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 company had revenue of $7.06 billion during the quarter, compared to analysts' expectations of $7.07 billion. During the same period in the prior year, the company earned $0.98 EPS. U.S. Bancorp's revenue was up 2.0% compared to the same quarter last year. U.S. Bancorp has set its FY 2025 guidance at EPS. Research analysts forecast that U.S. Bancorp will post 4.38 EPS for the current fiscal year.

U.S. Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given 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 annualized dividend and a yield of 4.2%. U.S. Bancorp's dividend payout ratio (DPR) is currently 47.85%.

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.